Demand for adjustable-rate mortgages rises as rates climb
Borrowers are increasingly turning to adjustable-rate mortgages as traditional mortgage rates continue to rise.
Mortgage rates continue to climb, prompting more borrowers to seek adjustable-rate mortgages, which typically offer lower initial interest rates compared to fixed-rate mortgages, according to CNBC reporting.
Sources
- Demand for riskier mortgages rises again, along with interest rates — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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