Despite risks, adjustable-rate mortgages have their advocates

Despite risks, adjustable-rate mortgages have their advocates

Fixed mortgage rates remain below 5 percent, and these days fewer and fewer homebuyers seem to be opting for adjustable-rate loans.

But low fixed rates aren’t the only reason adjustables are financing just 7 percent of all home-purchase loans, according to figures from Freddie Mac.

Read The Seattle Times Story…