USA:  More  buyers  opt  for  adjustable-rate mortgages as rates rise 

The increase coincides with a sharp rise in mortgage rates.

The average weekly rate on a 30-year mortgage slipped this week to 5.25% from 5.3% last week,

 which was the highest level since 2009, according to mortgage buyer Freddie Mac.

The average rate was 3% a year ago.

LOS ANGELES: Rising interest rates are making adjustable-rate mortgages an increasingly mortgages an increasingly attractive alternative to common 30-year, fixed rate home loans.

ARMs made up 13% of all home loans by dollar volume in March their highest share since January 2020, according to CoreLogic.

ARMs made up 13% of all home loans by dollar volume in March their highest share since January 2020, according to CoreLogic.

 The increase coincides with a sharp rise in mortgage rates. The average weekly rate on a 30-year mortgage slipped this week to 5.25% from 5.3% last week,

 which was the highest level since 2009, according to mortgagebuyer Freddie Mac. The average rate was 3% a year ago.