Rising Mortgage Rates Drive Shift to Adjustable-Rate Loans-Why Homebuyers Are Opting for Lower Payments
As mortgage rates hover near 7.2%—up from 3.2% in early 2023—borrowers are fleeing fixed-rate loans for adjustable-rate mortgages (ARMs), which now account for 18.5% of new originations (up from 8.2% ... Read More