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Opting for riskier mortgages
The average rate on a traditional 30-year fixed mortgage just rose above 7.1% — the highest it’s been in more than two years. That’s pushing more people toward adjustable-rate mortgages, where the rate changes typically after five, seven, or 10 years. But these mortgages can be a riskier bet. We hear more. Then, we learn how changes to immigration policy are impacting hospitality workers and the Latin entertainment industry in Las Vegas.
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The skinny
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