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Californians lead the U.S. in using adjustable-rate mortgages, new data shows.
Californians are the leading users of adjustable-rate mortgages in the U.S., according to new data, reflecting a growing trend in the state's housing market.
The findings highlight increased reliance on these loans, which offer lower initial rates but carry the risk of higher payments later.
The data, compiled from national lending reports, shows California's share of adjustable-rate mortgages exceeds that of any other state.
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Los californianos lideran a los Estados Unidos en el uso de hipotecas de tasa ajustable, según muestran los nuevos datos.