For example, a 5/1 ARM will have the same rate for the first five years, then can adjust each year after that—meaning the rate might go up or down, based on the market. An ARM isn’t for everyone.

Shares of semiconductor and technology names were mostly bouncing back today, with chip leaders Micron Technology (NASDAQ: MU), Lam Research (NASDAQ: LRCX), and Arm Holdings (NASDAQ: ARM ...