Arizona – Homebuyers impact economically pressed of the higher interest rates are increasingly becoming steered by realtors and you may home loans so you can possibly riskier form of mortgages, exactly like the individuals viewed prior to the 2008 overall economy, ultimately causing question certainly one of particular consumer advocates and you can business analysts.
One of many loans being promoted to help you homebuyers is actually adjustable rates mortgage loans, so-entitled 2-1 buydowns, which artificially straight down prices towards first two years, and appeal-merely mortgages in which individuals shell out a diminished monthly payment to own ten years of the merely make payment on financing attract, centered on interviews having realtors, industry data and you can a look at marketing matter from a property representatives and you may mortgage brokers.