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Nearly 10% of borrowers opted for riskier mortgages last week, as rates soared over 7%

As mortgage rates rise, borrowers are seeking savings in riskier, adjustable-rate mortgages that offer lower rates.

This article was originally published by CNBC Top News and is republished here under license.

As mortgage rates rise, borrowers are seeking savings in riskier, adjustable-rate mortgages that offer lower rates.

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