Mortgage applications for home purchases rose 8 percent over the week ending June 17 compared with the week before, in part because of rising demand for adjustable-rate mortgages, according to the Mortgage Bankers Association’s June 22 seasonally adjusted index. “Purchase applications increased for the second straight week—driven mainly by conventional applications—and the [adjustable-rate mortgage] share of
https://www.theepochtimes.com/demand-for-adjustable-rate-mortgages-surge-as-rates-push-higher_4551814.html

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