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More home buyers look to adjustable-rate loans as mortgage interest rates soar03:41
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Mortgage interest rates are spiking as housing demand outstrips supply and the Federal Reserve tries to tamp down inflation. That's driving more buyers to adjustable-rate mortgages, or ARMs.

Here & Now's Lisa Mullins speaks with Mike Regan, senior editor at Bloomberg News.

This segment aired on May 20, 2022.

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