They’re baaack. ARM loans

You thought I was dead, didn't you? Bwa ha ha
You thought I was dead, didn't you? Bwa ha ha

Mortgage rates were way, way up last week and because of the rise in rates for 30 year loans the appetite for ARM loans is apparently back, big time.

Wonderful. ARM loans destroyed many a homeowner before, so let’s try it again. Perhaps the more important question is – why are mortgage rates soaring?