Home buyers seek out riskier loans while the interest rates rise

Home buyers seek out riskier loans while the interest rates rise

Arizona – Homebuyers perception financially squeezed by the high interest levels try much more becoming steered by the real estate professionals and lenders so you’re able to probably riskier sorts of mortgage loans, the same as people seen prior to the 2008 financial crisis, resulting in concern certainly specific user supporters and globe analysts.

One of many finance getting marketed so you can home buyers is variable price mortgage loans, so-named dos-step one buydowns, and that artificially straight down prices into first two many years, and you may interest-simply mortgage loans where consumers spend less payment to possess years by just make payment on loan attract, based on interviews with real estate professionals, business study and you can a look at marketing procedure from a house agents and mortgage brokers. Fortsett å lese «Home buyers seek out riskier loans while the interest rates rise»