Nearly 10% of borrowers opted for riskier mortgages last week, as rates soared over 7%
Why now
Thesis: Affordability crunch drives riskier borrowing
Catalyst to watch: Mortgage rate trajectory and housing data
Main risk: ARM resets could strain borrowers later
Why it matters
Mortgage rates above 7% push borrowers into riskier adjustable-rate loans, raising future credit and housing risk.
Details
As mortgage rates rise, borrowers are seeking savings in riskier, adjustable-rate mortgages that offer lower rates.
Related assets & topics
HousingReal EstateInterest RatesSources
- cnbc · 2026-09-23 11:00 UTC