Demand for Adjustable-Rate Mortgages Hits 14-Year High

Realty Biz News, May 16, 2022–Mike Wheatley
Demand for mortgages is increasing due to what analysts say is an increase in listings on the market and fear that interest rates will continue climbing higher. However, buyers are increasingly turning to adjustable-rate mortgages as opposed to standard fixed-rate mortgages. (MBA mention)