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Adjustable-Rate Mortgages Enjoy a Return to Favor

Demand has shifted toward adjustable-rate mortgages as interest rates have climbed. So reports CNBC.

MBAAccording to the Mortgage Bankers Association, the ARM share of applications for the week ending October 7 was almost 12%.

That’s up from around 3% in early 2022, an ARM share that had been generally consistent for several years.

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