As Mortgage Rates Hit Highest Level Since 2023, Buyers Look at ARMs

The New York Times – Business:

The average 30-year, fixed-rate home loan rose to 7.28 percent, up from 6.34 percent a year ago. More buyers are now turning to adjustable-rate mortgages.

Gregory Schmidt
Author: Gregory Schmidt

This post first appeared in The New York Times – Business. Read the original article.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *