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Adjustable rate mortgages can be cheaper but risky. Here's what you need to know

03:57
Katrina Wooten signed a contract to buy this home that's under construction near Gainesville, Fla. Then mortgage rates jumped sharply higher. (Katrina Wooten)
Katrina Wooten signed a contract to buy this home that's under construction near Gainesville, Fla. Then mortgage rates jumped sharply higher. (Katrina Wooten)

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