Demand for adjustable-rate mortgages surges, as interest rates make biggest jump in 13 years

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Demand for adjustable-rate mortgages surges, as interest rates make biggest jump in 13 years

Published Wednesday 22 June 2022

Mortgage applications to purchase a home rose 8% last week compared with the previous week, bolstered in part by demand for adjustable-rate mortgages, according to the Mortgage Bankers Association. A big jump in mortgage rates may have actually spurred homebuyer demand, perhaps as consumers worried rates would move even...

Adjustable Rate Mortgage Conforming Loan Economy Fixed Rate Mortgage Interest Rates Real Estate

Details About the Article "Demand for adjustable-rate mortgages surges, as interest rates make biggest jump in 13 years"

This article was originally published by CNBC and was recommended by Realty48.com a couple of days later due to its popularity. It has gotten a lot of attention and 10 comments have been submitted since it was published in June of 2022. The article "Demand for adjustable-rate mortgages surges, as interest rates make biggest jump in 13 years" is a news post and categorized as Realty by realty48.com and the main topics includes Adjustable Rate Mortgage, Conforming Loan, Economy, Fixed Rate Mortgage, Interest Rates & Real Estate.

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