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Adjustable Rate Mortgages Continue to See High Demand

  • November 1st

by UrbanTurf Staff

Demand for adjustable rate mortgages continues to rise.

The Mortgage Bankers Association (MBA) reported Wednesday that mortgage application volume fell 1% last week, but adjustable rate mortgage demand rose to its highest level in almost a year. 

“As higher rates continue to impact affordability and purchasing power, ARM loans increased almost 10 percent last week and continued to gain share, growing to 10.7 percent of all applications,” said Joel Kan, an MBA economist.

See other articles related to: adjustable rate mortgages

This article originally published at https://dc.urbanturf.com/articles/blog/adjustable_rate_mortgages_continue_to_see_high_demand/21642.

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