Adjustable-rate mortgage demand surges to 14-year high, as homebuyers try to afford this pricey spring market

A newly sold home is shown in Houston, Texas.Brandon Bell | Getty ImagesIt could be more listings on the market, or perhaps just fear that interest rates will move even higher, but homebuyers are showing more demand for mortgages. They are, however, turning even more to adjustable-rate mortgages (ARMs), which offer lower rates. That gives…