ARM mortgages spike as fixed rate rises to 7.67%, housing group calls on Fed to stop raising rates
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Yahoo Finance anchor Julie Hyman and Josh Lipton spoke with Mortgage Bankers Association Chief Economist Mike Fratantoni about the overall state of the mortgage market and the letter his group wrote to the Federal Reserve to ask them to stop raising interest rates. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #youtube #yahoofinance #mortgages About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas […]