Harry Gross: A rare opportunity to flex the ARM (Harry Gross)

March 2, 2009

Another great article by Harry Gross of the Philadelphia Inquirer.

Dear Harry: I know how you hate those ARMs (adjustable-rate mortgages), but I went for one five years ago, because I didn’t think my job assignment in New Jersey would last this long. It now appears that I will have at most another three years here and then be transferred back to St. Louis. Here’s the problem: Our ARM had a fixed rate of 5 percent for the first five years. Now it is about to ad…

Read the whole article


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