Bismarck
REAL ESTATE
Adjustable-rate mortgages are not viable right now
BISMARCK, N.D. (KFYR) - Since 2022, secondary lenders have seen interest rates climb steadily, reaching nearly 8% in 2022, and settling at around 7%. These high interest rates have made lenders lean away from having adjustable-rate loans in their portfolios. “I’ve been doing this for almost 30 years, and everything...
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