Adjustable-rate mortgages are hot enough these days to be the subject of a cartoon in The New Yorker (see next page).

The recent surge in interest rates has put an end to the binge in fixed-rate mortgages and refinancings and the market has shifted abruptly to adjustable rates and loans to buy homes.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.