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At close · Wed, Sep 23, 2026
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Home›Real Estate›Mortgages›About 10% of borrowers shifted to riskier adjustable m…

About 10% of borrowers shifted to riskier adjustable mortgages

The move comes as mortgage rates rose above 7%, pushing some borrowers toward lower initial payments tied to adjustable-rate terms.

Reported · Written up by our desk · Mortgages

CNBC Markets reports that nearly 10% of borrowers selected riskier mortgage products in the latest week, as mortgage rates climbed to levels above 7%.

According to CNBC Real Estate, the shift reflects demand for savings, with borrowers looking at adjustable-rate mortgages that typically offer lower rates at the outset than fixed-rate alternatives.

The coverage says the growing use of these adjustable products is part of how borrowers are responding to higher overall borrowing costs.

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Sources

CNBC MarketsNearly 10% of borrowers opted for riskier mortgages last week, as rates soared over 7%
CNBC Real EstateNearly 10% of borrowers opted for riskier mortgages last week, as rates soared over 7%

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