Demand for riskier mortgages rises along with interest rates

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $832,750 or less, increased to 6.79% from 6.78% The average contract interest rate for 5/1 ARMs fell to 5.94%.

Source: CNBC

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Category General

Source CNBC

Published 3 weeks ago

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News ID #12,982

Status Published

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