A kind of mortgage that helped cause the housing crash is surging in popularity. Here's why it's different this time.

Business Insider
May 17, 2022, 1:21 pm77 pts
According to the Mortgage Bankers Association, applications for ARMs have now reached the highest level since 2008 – a fourteen-year high – and are expected to continue rising. jhorrocks/Getty Images Adjustable-rate mortgages are surging in popularity despite their role in the 2008 housing crash. But their…

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