Mike Fratantoni
Mike Fratantoni is the chief economist for the Mortgage Bankers Association, where he provides analysis and insights on the mortgage market. Recently, he highlighted the increasing popularity of adjustable-rate mortgages as homebuyers seek more affordable options amid rising fixed mortgage rates.
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Mike Fratantoni noted that rates on 5/1 ARMs were more than a percentage point lower than those for fixed-rate loans last week.
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