Adjustable Rate Mortgages See Highest Demand in Nearly a Year
Adjustable rate mortgages continue to be seen as a popular alternative to 30-year fixed rate mortgages.
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.
story continues below
loading...story continues above
“Mortgage activity continued to stall, with applications dipping to the slowest weekly pace since 1995," Joel Kan, MBA’s Vice President and Deputy Chief Economist, said in a release. "These higher mortgage rates are keeping prospective homebuyers out of the market and continue to suppress refinance activity. The ARM share of applications inched up to 9.5 percent, its highest since November 2022.”
See other articles related to: adjustable rate mortgages
This article originally published at https://dc.urbanturf.com/articles/blog/adjustable_rate_mortgages_see_highest_demand_in_nearly_a_year/21615.
Most Popular... This Week • Last 30 Days • Ever

UrbanTurf created Pipeline, a searchable database of multifamily projects that are un... read »

As we head towards the end of the year, UrbanTurf is wrapping up its coverage of larg... read »

Prices in Wesley Heights, a DC neighborhood to the south of Spring Valley bordered by... read »

Today, UrbanTurf takes a look at the distinct differences between these two popular f... read »

The plans for the new two-building residential project at Union Market got a big thum... read »
- The Nearly 750 Projects in UrbanTurf's Pipeline
- The 8 Large Developments on the Boards From Anacostia to the Bridge District
- The DC Neighborhood Where Home Prices Have Risen The Most in 2023
- The Difference Between Condos and Co-ops
- Penn and 4th: EDENS Big Residential Plans at Union Market Get Key Approval
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro