Is Now A Good Time To Get An ARM?

Forbes magazine, Aug. 16, 2022–Natalie Campisi
At the beginning of July, ARM applications jumped by 30% year-over-year, according to the Mortgage Bankers Association. When you consider that buying a home in June 2022 was 80% more expensive than the same time last year, it’s understandable that more borrowers would look to cut costs with an ARM’s lower rates.