Demand for adjustable-rate mortgages (ARMs) is growing as interest rates on conventional home loans surge and as people seek an affordable on-ramp for buying a home. The average interest on a 30-year ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

Most homebuyers and homeowners hoping to refinance are well aware that mortgage interest rates are far from the lows that were readily available in 2020 and 2021. What some buyers and owners may not ...