Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising rates
CNBC - 2024-05-01T11:00:01.000Z

The share of ARM applications rose to 7.8% of mortgage demand last week, according to the Mortgage Bankers Association. That is the highest level of the year.

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In related news

Today's 30-year mortgage rates plummet while 15-year mortgage rates rise | May 1, 2024

Mortgage rates are now at the highest level of the year and could still climb

Mortgage rates are now at the highest level of the year, and could still climb