#adjustable-rate-mortgages

[ follow ]
#mortgage-rates #housing-affordability #housing-market #millennials #mortgage-applications #housing-supply
Real estate
fromFortune
3 weeks ago

Millennials are defying warnings about the housing market with a 'buy now, pray later' attitude, but boomers could block them | Fortune

Millennials make about half of mortgage inquiries in top U.S. metros, leading buyer activity despite affordability strains and rising reliance on ARMs or refinancing.
fromwww.housingwire.com
1 month ago

Mortgage applications soar 29.7% as rates hit 11-month low

Indicative of the weakening job market, and in anticipation of a rate cut from the Federal Reserve, mortgage rates last week dropped to their lowest level since last October, with the 30-year fixed rate declining to 6.39%. Homeowners responded swiftly, with refinance application volume jumping almost 60% compared to the prior week, Mike Fratantoni, MBA's senior vice president and chief economist, said in a statement.
Real estate
#mortgage-rates
fromFortune
1 month ago
Real estate

Millennials and Gen Z are gambling on a big mortgage-rate drop, using ARMs and refinancing. But that could be a 'financial ticking time bomb'

fromFortune
1 month ago
Real estate

Millennials 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 estate
fromBusiness Insider
6 months ago

More homebuyers are opting into a risky type of mortgage in an attempt to save money

The 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.
more#mortgage-rates
Real estate
fromwww.housingwire.com
1 month ago

ARMs remain a small share of mortgage loans despite viral 41% claim

Adjustable-rate mortgages remain a small share of U.S. mortgages, with over 90% fixed-rate; ARMs make up roughly 8–10% of purchase applications.
[ Load more ]