Adjustable-Rate Mortgage Applications Highest in 15 Years

Orange County Register, Sept. 1, 2022–Jeff Lazerson
More than 12% of borrowers applied for adjustable-rate-mortgages in June and July, the highest percentages since August 2007, according to a new Zillow analysis. And borrowers using ARMs are likely to be affluent households with larger down payments. (MBA mention)
https://www.ocregister.com/2022/09/01/adjustable-rate-mortgage-applications-highest-in-15-years/