Stricter mortgage rules will allow ARMs
Mortgage News
You'll be able to get an adjustable-rate mortgage at a relatively attractive rate, even after regulators impose stricter underwriting rules.
This week, the feds proposed tight underwriting standards for "qualified residential mortgages," or QRMs. I'll explain further in a later paragraph because I don't want your eyes to glaze over yet. Suffice to say that qualified Source: Bankrate.com » Mortgages