Ellie Mae: Adjustable rate #mortgages see uptick in 2017

As interest rates rise, #homebuyers and homeowners are locking in their loans – both for purchase and refinance. As a result, FICO scores dropped on all loan types and interest increased in adjustable-rate #mortgages, a trend that Ellie Mae says it will continue to watch. http://www.housingwire.com/articles/39249-ellie-mae-adjustable-rate-mortgages-see-uptick-in-2017 ❤️ #share #mortgage