#adjustable-rate-mortgages
#adjustable-rate-mortgages
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Real estate
fromFortune
1 month agoA risky mortgage instrument that helped spark the Great Financial Crisis is on the rise but 3 things are different this time around | Fortune
Adjustable-rate mortgages are resurging, offering lower initial payments but carrying reset risk; lending standards and regulatory oversight have changed since the mid-2000s.
Real estate
fromFortune
2 months agoMillennials 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
2 months agoMortgage 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
LA real estate
fromBusiness Insider
7 months agoMore 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.
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