Buyers Increasingly Turning to Adjustable Rate Mortgages to Lower Monthly Costs
As mortgage rates for traditional 30-year fixed-rate loans reached a near three-year high last week, buyers are increasingly turning to adjustable-rate mortgage (ARM) applications to reduce their monthly costs. Economists have watched the ARM share of overall applications climb to one-year high of 10.5% in recent weeks, driven by introductory rates that sit almost a…
The post Buyers Increasingly Turning to Adjustable Rate Mortgages to Lower Monthly Costs appeared first on RISMedia.
Categories
Recent Posts
Mortgage underwriting has a blind spot: The homeowner’s largest risk
Beazer Homes stockholders approve $2.2B sale to Dream Finders
Inside the $12.5 Million Colorado Estate With a Hidden Mountainside Car Gallery and a Hydraulic Elevator
How to Buy a Fixer-Upper: Costs, Loans, and Tips
Homebuilder D.R. Horton Signs Robotics Deal for Factory Production
Bloomberg Philanthropies Will Fund Homebuilding Reforms in 30 Cities
EXCLUSIVE: HGTV Star Alison Victoria Takes Aim at ‘Boring’ Las Vegas Homes With a Radical New Design Trend
New York 485-x filings cluster at 99 units to avoid wage rule
What is Housing Inventory? How Supply Affects Home Buyers
Surging jobsite raids put 370,000 new home completions at risk
