High mortgage rates send homebuyers scrambling for relief

High mortgage rates send homebuyers scrambling for relief

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LOS ANGELES -- Mortgage rates are more than double what they were a year ago, so many homebuyers are looking for ways to put off some of the pain for a few years. The trend has driven adjustable-rate mortgages, or ARMs, to the highest usage in over a decade. A recent snapshot by the Mortgage…

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