As Mortgage Rates Skyrocketed in May, ARMs Doubled

HousingWire, June 15, 2022–Bill Conroy
A panel of experts assembled at a recent Mortgage Bankers Association conference in New York predicted that adjustable-rate mortgages will become far more popular this year as purchase mortgages increasingly dominate a housing market contending with fast-rising interest rates. A June market report by a major digital mortgage-exchange and loan-aggregator, MAXEX, which offers an overview of loan-trading activity through the exchange for May, confirmed the MBA panel’s projections.
https://www.housingwire.com/articles/maxex-report-shows-arms-doubled-in-may/