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Mortgage Rates Are High. Homebuyers Are Ditching Adjustable-Rate Options Anyway.

Mortgage applications rose just 0.04% last week as 5-year ARM rates climbed to 5.79%, cutting demand for riskier loans.

Summary by IBTimes
Mortgage demand remained largely unchanged last week as borrowing costs continued to move within a narrow range. At the same time, prospective homebuyers showed less interest in adjustable-rate mortgages, signaling a preference for stability despite elevated interest rates.

3 Articles

BenzingaBenzinga
Center

Mortgage Demand Barely Budges As Homebuyers Turn Away From Riskier Adjustable-Rate Loans Amid Affordabili

Mortgage demand was flat last week as ARM loans lost appeal and housing affordability remained under pressure.

·New York, United States
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IBTimesIBTimes
Center

Mortgage Rates Are High. Homebuyers Are Ditching Adjustable-Rate Options Anyway.

Mortgage demand remained largely unchanged last week as borrowing costs continued to move within a narrow range. At the same time, prospective homebuyers showed less interest in adjustable-rate mortgages, signaling a preference for stability despite elevated interest rates.

·United States
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CNBCCNBC
Lean Left

Demand for riskier mortgages drops, as their advantages shrink

The spread between the 30-year fixed-rate mortgage and adjustable-rate loans is narrowing, causing demand for ARMs to weaken.

·Englewood Cliffs, United States
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Bias Distribution

  • 67% of the sources are Center
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CNBC broke the news in Englewood Cliffs, United States on Wednesday, July 1, 2026.
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