Cotality, Irvine, Calif., released a new study, analyzing why more homebuyers are still opting for adjustable rate mortgages even as rates begin to drop.
Tag: ARMs
Chart of the Week: ARM Share of Home Purchase Applications
According to data from MBA’s Builder Applications Survey, 24.6% of applications to purchase a newly built home were adjustable rate mortgage (ARM) loan applications in October.
Chart of the Week: ARM Applications Level and Share
Adjustable-rate mortgages (ARMs), when used appropriately, can help ease affordability challenges and provide homeownership and equity building opportunities for qualified borrowers.