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Adjustable-rate mortgages are back.

“Buyers are addicted to the lower interest rates. You can get between a half and a full point for a five- to seven-year ARM,” said John Adams, area manager of loanDepot Jacksonville’s offices.

Many homebuyers consider the 15- to 30-year conventional loan as the safest. The monthly payment stays the same throughout the life of the loan, although taxes and insurance costs can increase.

ARMs fell out of favor after the housing bust in 2008. Back then, underfinanced buyers were approved for three-year ARMS, and found after three years they could no longer afford their home.