More borrowers are turning to adjustable-rate mortgages as mortgage rates rise. But ARMs aren't right for everyone, and they come with risks.

Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with ... while an adjustable rate can change periodically. Fixed rates are popular ...

A 3-year ARM is an adjustable-rate mortgage with an interest rate that stays the same for the first three years. After three years are up, the interest rate can change periodically with the ...