adjustable-rate mortgage http://www.kplu.org en For some, the gamble of an adjustable-rate mortgage pays off http://www.kplu.org/post/some-gamble-adjustable-rate-mortgage-pays <p>KPLU&#39;s John Maynard bought a condo in 2007 &ndash; at the height of the market. He took out an adjustable-rate mortgage that&#39;s &quot;adjusting&quot; in June.</p><p>That&#39;s turned out to be good news for Maynard, who&#39;s mortgage payment will go down considerably since interest rates are low right now and expected to be so for quite some time.</p><p> Tue, 06 Dec 2011 12:28:00 +0000 John Maynard & Richard Hagar 3333 at http://www.kplu.org For some, the gamble of an adjustable-rate mortgage pays off