They 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-appli

They 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...