August 2022

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Adjustable Rate Mortgages

   Are adjustable rate mortgages still available? What percentage of mortgages are adjustable-rate in 2022? In mid-2022, adjustable-rate mortgages made up nearly 10% of all new home loan applications, according to the Mortgage Bankers Association (MBA). That may not sound like a lot, but it's a far greater share of ARM loans than we've seen since 2008. What is the problem with...

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