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Adjustable-Rate Mortgage

Land leases, ARM buydowns emerge as lending options while mortgage rates stay elevated

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Mortgage lenders are getting creative to combat the housing affordability crisis fueled by rising interest rates, rolling out novel products and blending existing options to keep borrowers in the market. Bayview Asset Management — which closed its acquisition of Guild Mortgage in November — rolled out a new program on Monday. Partnering with real estate […]

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Optimal Blue’s Mike Vough on borrowers staying rate anchored into 2026

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Borrowers are still anchored to ultra-low, pandemic-era mortgage rates, a mindset that is influencing both purchase and refinance trends as the market heads into 2026. That’s according to Mike Vough, Optimal Blue‘s senior vice president of corporate strategy, who highlighted the company’s latest Market Advantage report in a conversation this week with HousingWire at the

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Fannie Mae broadens ADU, manufactured home eligibility

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Fannie Mae has announced several new policies in its latest Selling Guide update that are aimed at improving liquidity and expanding access to affordable housing. The changes include new eligibility for manufactured homes, expanded options for accessory dwelling units (ADUs) and updates to adjustable-rate mortgage (ARM) requirements, the government-sponsored enterprise announced on Wednesday. On the

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Mortgage applications soar ahead of Fed meeting

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Continuing their upward trajectory, mortgage applications increased 29.7% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending Sept. 12. On an unadjusted basis, the index increased 43% compared with the previous week. Last week’s results included an adjustment for the Labor Day holiday.

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Optimal Blue: Rate-and-term refis soar 70% in August

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Borrowers rushed to refinance in August as mortgage rates eased, pushing rate-and-term refi lock volume up 70% from July, according to Optimal Blue’s Mortgage Market Advantage report released Wednesday. “Borrowers are responding quickly to rate improvements, driving the strongest month for rate-and-term refinances we’ve seen this year,” Mike Vough, head of corporate strategy at Optimal

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Click n’ Close pairs 5/1 ARM with down payment assistance for new homes

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Mortgage lender Click n’ Close has rolled out a new financing product that pairs an adjustable-rate mortgage with down payment assistance in an effort to make new homes more accessible to buyers. The program — called the SmartBuy 5/1 ARM Down Payment Assistance product — offers a first mortgage alongside a repayable second mortgage. The

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ARMs remain a small share of mortgage loans despite viral 41% claim

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Adjustable-rate mortgages (ARMs) often get more attention when rates climb, but don’t fool yourself: their actual footprint in the U.S. housing market remains modest.  Since a Zero Hedge tweet saying that ARM loans now make up 41% of mortgages held by U.S. banks went viral on Sunday night, the mortgage community has been abuzz with

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