If so, depending on the type of adjustable rate mortgage you might be in for a shock soon.
If it’s been 3, 5, or 7 years, then your rate will increase based on what it follows and the maximum cap per year.
It’s actually alright in most cases since you were paying far less for quite some time, but if your credit is bad then make sure you keep making the payments on time.
The last thing you want is to be forced to sell and try and get a new mortgage – bad credit and the already high rates will make it a challenge.