Regardless of what happens to market interest rates, most adjustable-rate mortgages (ARMs)specify a maximum allowable fluctuation in the mortgage rate per year and over the mortgage life.

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Adjustable-rate mortgages (ARMs) typically include caps that limit the amount the interest rate can change both annually and over the life of the loan, protecting borrowers from drastic increases in their mortgage payments.

Regardless of What Happens to Market Interest Rates, Most Adjustable-Rate