Adjustable-rate mortgages are staging a comeback as buyers seek lower rates

A type of mortgage that fell out of favor in the aftermath of the financial crisis is catching on again. Adjustable-rate mortgage demand has surged this year, making up 12.9% of all originations last week, a postcrisis high. The loans allow borrowers to lock in a lower rate than they could get on a 30-year fixed-rate mortgage for five, seven, or 10 years before the rate readjusts to market levels. They're catching on as conventional mortgage rates remain stubbornly high. Read more: When will mortgage r ...