World desk

NYT Business

As Mortgage Rates Hit Highest Level Since 2023, Buyers Look at ARMs

As Mortgage Rates Hit Highest Level Since 2023, Buyers Look at ARMs

The average 30-year, fixed-rate home loan rose to 7.28 percent, up from 6.34 percent a year ago. More buyers are now turning to adjustable-rate mortgages.

Read the original at NYT Business