Characteristics of recent adjustable-rate mortgage borrowers

Michael Finke, Sandra Huston, Emilian Siman, Mel Corlija

Research output: Contribution to journalArticlepeer-review

15 Scopus citations


The demographic characteristics of recent adjustable and fixed-rate mortgage borrowers are compared among nationally representative survey cross-sectional data at three-year intervals from 1989 through 2001. While the overall proportion of ARMs in relation to FRMs has decreased, a trend toward increased use of adjustable-rate mortgages among lower income, less wealthy, less credit worthy, and single-headed households appears over this 13-year period. Findings from this study point to the need for targeted financial education to ensure that vulnerable households are making rational consumer decisions with full information regarding interest rate risk associated with adjustable-rate mortgage products.

Original languageEnglish
Pages (from-to)17-28
Number of pages12
JournalJournal of Financial Counseling and Planning
Issue number2
StatePublished - 2005


  • Adjustable-rate mortgages
  • Mortgage loans
  • Mortgage trends


Dive into the research topics of 'Characteristics of recent adjustable-rate mortgage borrowers'. Together they form a unique fingerprint.

Cite this