ARMs

Low-down-payment purchases are on the rise, but not necessarily with the same pre-crisis practices and risk factors.

U.K. regulators’ decision to abandon the Libor benchmark by the end of 2021 threatens to sow confusion in the market as the industry races to replace the scandal-plagued rate that underpins more than $350 trillion of financial products.

Borrowers with variable-rate debt affected by Federal Reserve rate hikes showed they could handle December's 25-basis-point increase, but that could be changing as short-term rates continue to rise.

Mortgage application volume increased 2.7% for the week of April 21 as more consumers applied for refinance loans.

Mortgage application activity increased by 5.8% during the week of Feb. 24.