Is it time to reconsider the adjustable rate mortgage?

High mortgage rates are nudging some aspiring homeowners to consider adjustable-rate mortgages over the standard 30-year fixed-rate option. Are ARMs the better choice in today’s economy?

Fact checking by Sierra Juarez (npr.org/people/1268825622/sierra-juarez).

Your Next Listen
–When mortgage rates are too low to give up (npr.org/2023/08/17/1194445813/when-mortgage-ra…)
–Over 2,000 episodes in our archive on the NPR App (app.npr.org/aggregation/510325)

Connect with The Indicator from Planet Money
–The Indicator newsletter (npr.org/indicatornewsletter) — a weekly roundup of news, ideas and staff picks.
–Instagram (instagram.com/planetmoney/?hl=en), TikTok (tiktok.com/@planetmoney) and YouTube (youtube.com/playlist?list=PLiWlgFyO9hsMut185wE…)
–Find the Planet Money book (lnk.to/i3AukBdDWE)
–Find the Planet Money game, Sell Me A Sasquatch (shopnpr.org/products/planet-moneys-sell-me-a-s…), and other merch at the NPR Shop (shopnpr.org/search?q=indicator&options%5Bp…)!

Support public media by subscribing to NPR+ (plus.npr.org/planetmoney) and enjoy perks for over 25 podcasts like this one. This show’s perks include sponsor-free listening. Learn more at plus.npr.org.

See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.

NPR Privacy Policy (npr.org/about-npr/179878450/privacy-policy)