【CNBC】Adjustable-rate mortgage demand jumps nearly 10% as buyers struggle to afford housing market

• The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.86% from 7.90%
• The ARM share of mortgage applications is now at the highest level in nearly a year.
• Applications for a mortgage to purchase a home fell 1% for the week and were 22% lower year over year.

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