ARMS Are All the Rage Again

``... now lenders say they're issuing ARMs to more-qualified buyers who are taking out jumbo loans...ARMs accounted for 31 percent of mortgages originated in the $417,001-to-$1 million range during the fourth quarter, according to data prepared for The Journal by Black Knight Financial Services... While lenders are hoping for higher interest rates, borrowers are hoping that rates either stay low or they sell their homes before the ARMs reset at higher rates...''