5 Things to Know About Adjustable-Rate Mortgages
National Mortgage News, Aug. 1, 2022–Brad Finkelstein (subscription)
While still not an overwhelming share of mortgage applications, ARMs made up 9.1% of the volume for the week of July 22, down from 9.5% the prior week and compared with just 3.6% one year prior, as rising interest rates are driving consumer interest, the Mortgage Bankers Association said.
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