Desperation Move? Homebuyers are turning to What?

In the face of rising interest rates, homebuyers are making some unexpected decisions out of desperation. John Schink of Deerwood Realty, a residential broker in St. Louis, Missouri, delves into the surprising trend of homebuyers now opting for a specific type of mortgage. But is it a smart move or a ticking time bomb? Join us as we unpack the latest in the mortgage world and what it could mean for potential homeowners.

#MortgageTrends, #HomebuyingDesperation, #RiskyChoices

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https://www.cnbc.com/2023/10/25/adjustable-rate-mortgage-demand-hits-highest-level-in-nearly-a-year.html

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