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Which Households Prefer ARMs vs. Fixed-Rate Mortgages?
Abstract: Adjustable-rate mortgages appear to be more popular with younger, higher-income households that also have bigger mortgages, according to 2019 data.
Keywords: adjustable-rate mortgages; fixed-rate mortgages;
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https://www.stlouisfed.org/on-the-economy/2024/feb/which-households-prefer-arms-fixed-rate-mortgages
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Provider: Federal Reserve Bank of St. Louis
Source: On the Economy
Publication Date: 2024-02-06