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Will Adjustable Rate Mortgages Survive?

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The variety of mortgage loan programs currently available to home buyers has made choosing a mortgage loan as difficult as choosing a house. One of these mortgage loan options, the adjustable rate mortgage, became so popular in 1983-84 that it supplanted the traditional fixed-rate mortgage as the dominant type of home mortgage financing.

The variety of mortgage loan programs currently available to home buyers has made choosing a mortgage loan as difficult as choosing a house. One of these mortgage loan options, the adjustable rate mortgage, became so popular in 1983-84 that it supplanted the traditional fixed-rate mortgage as the dominant type of home mortgage financing.


Suggested citation: Buynak, Thomas M., 1985. "Will Adjustable Rate Mortgages Survive?” Federal Reserve Bank of Cleveland, Economic Commentary, 01.15.1985.

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