HOMEBUYERS ARE USING RISKY LOANS WITH THE HOPE RATES ARE GOING TO EVENTUALLY FALL. WILL THE GAMBLE BE WORTH IT?
https://media.zenfs.com/en/moneywise_327/043ffe1e709fb5cd7e4d0bb30e1d0945
✍️ Adjustable-rate mortgages (ARMs) have seen a surge in popularity, with 10% of purchase-mortgage applications submitted during the week ending October 3, 2025, being for ARMs. This trend is attributed to the increasing use of ARMs to make monthly payments more manageable in a housing market with high home prices and interest rates.
👉 10% of purchase-mortgage applications submitted during the week ending October 3, 2025, were for ARMs 👉 ARM loans accounted for 25% of mortgage applications for new home purchases last month 👉 ARMs usually offer a lower interest rate at the start, but monthly payments can increase substantially once the fixed rate term ends 👉 Borrowers must consider their financial situation, job stability, and ability to refinance before opting for an ARM
-- #JoelKan #ScottBridges #MaxLynch #JeffBezos #DaveRamsey #WarrenBuffett #GrantGardone #Illinois #business
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