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【CNBC】Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising rates

【CNBC】Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising rates

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  • The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.29% last week from 7.24% the previous week.
  • The average contract interest rate for 5/1 ARMs decreased to 6.60% from 6.64%.

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