With a fixed-rate #mortgage, the interest rate stays the same during the life of the loan. With an adjustable-rate mortgage (#ARM), the interest changes periodically, in relation to an index. While the monthly payments that you make with a fixed-rate mortgage are fairly stable, payments on an ARM loan will typically change.
acqueline Kennedy, widow of the assassinated president holds an armful of books, including The Strategy of Peace, written by her late husband. Mrs. Kennedy recently moved from a loaned house, following her departure from the White House. February 4, 1964