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A Call to ARMs?

An Urban Institute report claims recent fears about adjustable-rate mortgages are unfounded, suggesting that the lending tool should be utilized more often.

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Monthly Home Prices Drop in October

“Following the recent mortgage rate surge above 7%, real estate activity and consumer sentiment regarding the housing market took a nosedive,” said Selma Hepp, Interim Lead of the Office of the Chief Economist at CoreLogic.

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