Blog > ARMs hit record 17% of locks: Pitch beyond the 30-year

ARMs hit record 17% of locks: Pitch beyond the 30-year

by Spencer Lee

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Mortgage locks decreased across all loan categories in October, while the share of government-backed production grew, according to new data from Optimal Blue. A growing share of borrowers flocked to adjustable-rate mortgages in October, providing clues about where business may lie as well as the impact that the current economic environment is having on consumer […]

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