BUSINESSJul 1 · 11:00 UTCCNBC TOP

Demand for riskier mortgages drops, as their advantages shrink

Demand for adjustable rate mortgages (ARMs) is weakening as the spread between 30-year fixed rate mortgages and ARMs narrows, reducing the advantages of riskier loans.

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30-year fixed rate mortgagetopicadjustable rate loanstopicdemand for ARMstopicspread between mortgage ratestopic

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