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.

The problem is, the ARM is adjustable. So while it may start out cheaper, it’s not necessarily going to stay that way. In fact, if your interest rate adjusts up, your payments could become much higher. You could end up with substantially higher total interest costs over time than if you’d taken out the fixed-rate loan
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