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Economic Commentary

Will Adjustable Rate Mortgages Survive?

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 views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This paper and its data are subject to revision; please visit for updates.

Suggested Citation

Buynak, Thomas M. 1985. “Will Adjustable Rate Mortgages Survive?” Federal Reserve Bank of Cleveland, Economic Commentary 1/15/1985.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International