Even more borrowers choose riskier mortgages, as higher interest rates crush affordability
Summary
Rising home loan rates have severely limited housing affordability for buyers. To secure lower costs, an increasing number of borrowers are now turning toward riskier adjustable-rate mortgages.
Interest rates on mortgages continue to rise, leaving some buyers to choose riskier, adjustable-rate mortgages to find savings.
Source: Read the full story at US Top News and Analysis
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