Mortgage rates continue to climb, so more borrowers are turning to adjustable rate mortgages, which offer lower interest rates comparatively.
Mortgage rates moved up again last week, prompting more borrowers to search for savings. They found that in riskier, adjustable-rate mortgages, or ARMs.
Demand for those loans made up 8.5% of all m… [+1926 chars]
Demand for those loans made up 8.5% of all m… [+1926 chars]