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More home buyers look to adjustable-rate loans as mortgage interest rates soar
ResumeMortgage 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.