More Home Buyers are Reaching for ARMs
Realty Biz
MAY 22, 2022
Despite 30-year mortgages being firmly above a 5% interest rate, mortgage applications for home purchases increased 5% in mid-May. What is different this year is that buyers are turning to adjustable rate mortgages in higher numbers than at any time in the past 14 years. How to Read an ARM.
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