Buyers are looking for relief from expensive mortgages. More are finding it in loans whose payments can change later. The Mortgage Bankers Association reported October 14 that applications fell 2.7% on a seasonally adjusted basis during the week ending October 9. Adjustable rate mortgages accounted for 10.5% of applications, their highest share since October 2025. That is more than one in ten applications, not one in ten existing homeowners or purchases. The survey includes both purchase and refinance activity. The…
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Buyers Are Chasing Lower Mortgage Payments. One in Ten Applications Now Comes With a Reset Risk.
Buyers are looking for relief from expensive mortgages. More are finding it in loans whose payments can change later.
