Interest Rates Are Up But ARM-Backed Home Purchases Are Way Up

Econ & Housing

More competitive adjustable-rate mortgage rates and new loan limits have attracted homebuyers and investors Rapidly climbing and high mortgage rates have led to the inevitable: the rising cost of home financing is discouraging potential homebuyers. Total home sales have declined for 6 consecutive months since December 2021 – with the pace of declines accelerating in…

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