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ARM Loan Market Share Reaches 4 Year High

Mortgage News > ARM Loan Market Share Reaches 4 Year High
Date: 05/15/2018    ARM Loan Market Share Reaches 4 Year High

More American homebuyers are turning to adjustable rate mortgages (ARMs) again. According to mortgage software company Ellie Mae, ARM loans made up 6.3% of all new mortgages in March 2018, marking the highest share since 2014.

ARM loans can be a good choice because they offer lower initial interest rates than traditional fixed-rate mortgages. They don’t make sense in every case though, so talk with a mortgage lender to see if an ARM loan is right for you.

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