LAST YEAR’S REFI BOOM IS OVER - Mortgage Rates Continue to Rise

LAST YEAR’S REFI BOOM IS OVER – Mortgage Rates Continue to Rise

SGT Report - 2022-05-17 - Original post - Cached copy

by Dave Allen, The International Forecaster: As Emily Peck teases, they’re b-a-a-c-c-k. ARMs, that is. Adjustable-rate mortgages, which are initially issued with a lower rate than, say, the 30-year fixed rate and jumps up after a certain time period (usually 1, 3 or 5 years), made up about 11% of all mortgage applications last week. That’s […]

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