More Homebuyers Are Turning To The Risky Mortgages That Were Popular Before The Housing Crash

feedback@businessinsider.com (Janna Herron), Business Insider
Sun, 03/26/2017 - 6:08am

Barry Bland/Barcroft Media/Getty The number of homebuyers considering a riskier mortgage — a kind of loan that became notorious during the housing boom and crash — has doubled since the presidential election. Last week, 9 percent of total home loan applications were for adjustable-rate mortgages, or ARMs. That’s twice the level seen in the first week of November 2016.

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