youtube
Many Americans took advantage of historically low mortgage rates during the pandemic. But for homeowners who opted for adjustable-rate mortgages, those savings might not last. As mortgage rates continue to remain elevated, hundreds of thousands of borrowers are soon nearing the end of their introductory fixed-rate periods, putting them at risk of higher monthly payments. And with refinancing no longer offering the same relief it once did, some homeowners could find themselves facing a difficult financial decision.
Producer: Juhohn Lee
Reporter: Mike Winters
Additional Reporting by: Sarah Agostino
Edited by: Macklin Fishman, Dennis Donovan
Animation: Emily Park, Jason Reginato
Senior Director of Video: Jessica Leibowitz
Additional Footage: Getty Images
» Subscribe to CNBC:
» Subscribe to CNBC TV:
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Talk To People At Work, expert instructors teach you how to use everyday conversation to gain visibility, build meaningful relationships and advance your career. Sign up now:
Connect with CNBC News Online
Get the latest news:
Follow CNBC on LinkedIn:
Follow CNBC News on Instagram:
Follow CNBC News on Facebook:
Follow CNBC on Threads:
|
