Updated

Demand for adjustable-rate mortgages is increasing again as fixed mortgage rates continue to climb, with more borrowers opting for the comparatively lower introductory rates offered by ARMs. The trend reflects growing rate sensitivity among homebuyers navigating an increasingly expensive housing market. A new weekly survey of mortgage lenders found little relief in rates since July, reinforcing the pressure that is pushing more borrowers toward ARMs as fixed-rate options remain stubbornly elevated.