Adjustable-rate mortgages are making a comeback

📆 10/17/2023 2:53 PM
📰 KSLcom

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Adjustable-rate mortgages, which got a bad name during the housing meltdown of the late 2000s, are gaining some traction again as would-be homebuyers face the highest rates in decades for fixed-rate mortgages.

<p>WASHINGTON — Adjustable-rate mortgages, which got a bad name during the housing meltdown of the late 2000s, are gaining some traction again as would-be homebuyers face the highest rates in decades&#

</p><p>&quot;Mortgage applications increased for the first time in three weeks (last week), pushed higher by a 15% jump in ARM applications,&quot; said Bob Broeksmit, CEO of&

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