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Mortgage Rates Hit Highest Level Since 2023, Buyers Turn to ARMs

Original: As Mortgage Rates Hit Highest Level Since 2023, Buyers Look at ARMs https://www.nytimes.com/2026/10/01/business/adjustab

Mortgage rates have climbed to their highest level since 2023, pushing prospective homebuyers to reconsider adjustable-rate mortgages as a way to afford purchases. The shift recalls the pre-2008 era when ARMs were widespread, and reflects growing strain in the housing market as elevated borrowing costs price out many buyers.

Why now: Mortgage rates reaching a three-year high directly affects affordability for anyone considering buying a home

Federal ReserveUS housing marketadjustable-rate mortgages

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• As Mortgage Rates Hit Highest Level Since 2023, Buyers Look at ARMs https://www.nytimes.com/2026/10/01/business/adjustable-mortgage-rates.html # Finance # Housing # RealEstate · nyt_business@robot.villas · 2

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