Housing Market Affordability is So Strained That Adjustable-Rate Mortgages are Coming Back

Fast Company, Aug. 13, 2024–Lance Lambert
As mortgage rates have risen, so has the share of U.S. borrowers opting to take out adjustable-rate mortgages (ARMs). In 2021, just 4% of mortgage originations were ARMs. In May 2024, ARMs made up 15.5% of mortgage originations.
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