Homebuyers rush to riskier loans, as tariff turmoil pushes interest rates higher
Soaring Mortgage Rates Drive Borrowers Toward Adjustable-Rate and Non-Traditional Loans With mortgage interest rates climbing to their highest levels in over two decades, homebuyers are increasingly turning to riskier loan options—including adjustable-rate mortgages (ARMs) and low-down-payment loans—in a desperate bid to secure homeownership amid worsening affordability. The recent Federal Reserve rate hikes, persistent inflation, and global economic uncertainty … Read more