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Adjustable-rate mortgages get new interest amid skyrocketing rates

CLIP06/19/22
Also available on the nbc app

Just over a decade ago, the country was crippled by financial crisis fueled by homebuyers with loans they couldn’t afford and adjustable-rate mortgages that allowed them to overextend. When their rates rose, millions went into foreclosure but with today’s housing market and rising interest rates, many buyers are turning to an old familiar tool. NBC’s Vicky Nguyen reports in this week’s Sunday Focus.

Appearing:Savannah GuthrieHoda Kotb
Tags: today, Today Show, Savannah Guthrie, al roker, Natalie Morales, domestic news, International News, weather, Interviews, politics, money, Media, entertainment, sports, Breaking News, food, health, Home, Parents, style, Concerts, pets, shopping, hoda kotb
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