Borrowers head to riskier loans
CNBC Televisionยท2025-10-08 15:24
While overall mortgage demand has weakened, there's a growing trend when it comes to home borrowers adjustable rate mortgages. Our Diana Olic is here with that story. Morning, Diana. >> Good morning, Carl.Yeah, mortgage demand fell again last week, even as interest rates eased slightly. The average rate on the 30-year fix dropped to 6.43% from 6.46%. And that's for loans with 20% down or conforming loans.Applications to refinance fell 8% for the week, and applications for a mortgage to buy a home fell 1%. A ...