fromFortune2 weeks agoReal estateMillennials and Gen Z are gambling on a big mortgage-rate drop, using ARMs and refinancing. But that could be a 'financial ticking time bomb'
fromBusiness Insider4 months agoLA real estateMore homebuyers are opting into a risky type of mortgage in an attempt to save money
fromFortune2 weeks agoReal estateMillennials and Gen Z are gambling on a big mortgage-rate drop, using ARMs and refinancing. But that could be a 'financial ticking time bomb'
LA real estatefromBusiness Insider4 months agoMore homebuyers are opting into a risky type of mortgage in an attempt to save moneyThe share of borrowers applying for adjustable-rate mortgages is at its highest level since November 2023.ARMs offer lower initial interest rates, which may appeal to homebuyers seeking to reduce costs.
Real estatefromwww.housingwire.com1 week agoARMs remain a small share of mortgage loans despite viral 41% claimAdjustable-rate mortgages remain a small share of U.S. mortgages, with over 90% fixed-rate; ARMs make up roughly 8–10% of purchase applications.
SF real estatefromwww.housingwire.com3 months agoMortgage credit availability rises to highest level since 2022The Mortgage Credit Availability Index rose by 2.1% in May, reflecting a loosening of credit standards by lenders.
SF real estatefromwww.housingwire.com3 months agoARMs, government loans are the hottest things in mortgageThe demand for Adjustable Rate Mortgages (ARMs) has surged, indicating a shift in borrower preferences amid rising interest rates.