Nearly 10% of borrowers opted for riskier mortgages last week, as rates soared over 7%

The average contract interest rate for 30-year fixed-rate mortgages with conforming loans increased last week to 7.12% from 6.97% The ARM share of mortgage applications jumped to 9.8%

Source: CNBC

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Category General

Source CNBC

Published 2 weeks ago

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News ID #20,439

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