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Demand for adjustable-rate mortgages softens as rate spread narrows
CNBC Real Estate reports that the narrowing gap between 30-year fixed-rate mortgages and adjustable-rate loans is weighing on ARM demand.
CNBC Real Estate reports that demand for adjustable-rate mortgages is weakening as the spread between 30-year fixed-rate mortgages and adjustable-rate loans narrows. The publication says the narrowing gap means ARMs are offering less of an advantage, which is reducing borrower interest.
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CNBC Real EstateDemand for riskier mortgages drops, as their advantages shrink