During the past couple of decades, generally high fixed-rate mortgage loan interest rates and the desire to extend housing ownership to more individuals in the U.S., the use of adjustable-rate mortgages grew in usage.

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Adjustable-rate mortgages grew in usage due to high fixed-rate mortgage loan interest rates and the desire to extend housing ownership to more individuals in the U.S.

During the Past Couple of Decades, Generally High Fixed-Rate Mortgage