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Published: October 16, 2008
Homeowner mulls switch from fixed-rate loan
By Dave Ramsey
DEAR DAVE: I bought my home about a year ago with a 6.5 percent fixed-rate loan. But I’ve been noticing that adjustable-rate mortgage loans are cheaper now and could cap at 10 percent. Do you think I should switch?

Patricia

DEAR PATRICIA: Are you kidding me? Sure, they’re a bit cheaper today, but where do you think they’re going to go in the future?

Adjustable-rate mortgages are an awfu...

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