3 ms·
All? I’d be shocked if 5 percent of mortgage originations in the US are ARMs.
by selectodude 2y ago
All? I’d be shocked if 5 percent of mortgage originations in the US are ARMs.
- eightysixfour 2y agoThey were very low leading into the increased interest rates - 4% in 2021. In 2023 it was closer to 10% of originations. https://www.investopedia.com/arm-applications-grow-as-mortgage-rates-remain-high-8350836 https://www.investopedia.com/arm-applications-grow-as-mortga...
- drewg123 2y agoAccording to https://point.com/blog/arm-report-2024 https://point.com/blog/arm-report-2024, ARMs were 10-20% of mortgages 2015-2020 So I think the GP has a good point.