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Marie Osborne ~ The Financial Fallout of Soaring Adjustable-Rate Mortgages
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June 13, 2024 ~ WJR Senior News Analyst Marie Osborne joins Guy Gordon, Lloyd Jackson, and Jamie Edmonds to unravel the ticking time bomb hidden in adjustable-rate mortgages. Discover why homeowners who took advantage of 2019’s tempting 3.5% rates are now bracing for impact with potential 7% hikes. With nearly 2 million borrowers in the crosshairs, could this financial shift ripple into broader economic turbulence? Tune in to explore the real stories behind the stats and what it means for the future of the housing market.
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