ARMs are Back, But This Time They’re Different

Axios Markets, May 13, 2022–Emily Peck
Adjustable-rate mortgages, which start out with a relatively low rate that jumps after a certain time period, comprised nearly 11% of mortgage applications last week, the highest level since 2008, according to data from the Mortgage Bankers Association.
https://www.axios.com/2022/05/13/adjusted-rate-mortgages-rising-interest-rates