Mortgage rates fell for the second straight week, but more borrowers still sought savings in riskier loans

Impact · against what's priced in

The slight rebound in mortgage application volume and marginally lower rates are negligible catalysts given the deep year-over-year contractions. The most material development is the shift toward adjustable-rate mortgages (ARMs), which creates a latent credit risk profile for lenders as these loans reset in future cycles.

Scored by the NIS engine · methodology.

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