Mortgage Demand Barely Budges As Homebuyers Turn Away From Riskier Adjustable-Rate Loans Amid Affordability Crunch
U.S. mortgage demand was largely unchanged last week as borrowers pulled back from adjustable-rate mortgages, or ARMs, while elevated housing costs continued to weigh on buying activity, according to weekly data released Wednesday by the Mortgage Bankers Association.
Benzinga ·