Not yet... but I would expect to at some point, especially by clients who are not planning to remain in their home much more than five years.

No

Hello Paul S. Henderson, REALTOR®, CRS lately, I am noticing some mortgage companies offering ARM mortgages again.

ARMs = people who take risk rather than live below ( or at) their means  !

A 6/2 Arm can go up 47% in just 3 years 

No flurry I am aware of! Not time for panic yet!

Not seeing it ... yet. 

I have been hearing more about them lately but haven't worked with any recent clients utilizing them.

Not a single ARM yet Paul S. Henderson, REALTOR®, CRS , not since they vanished, but they are being talked about by lenders now and a great option for today's buyers. I coasted all through The Crash and for 11 years on my 7 Year ARM,
(2007-20018) - one of  the best loan strategies I ever used -milked it for all it was worth, then refi'd into a great 30 year fixed with my friend Jason E. Gordon . Used as intended, they work great!

I'm seeing them being promoted, but not sure what % of buyers are starting to use them. A senior loan officer posted this yesterday. "If the home you want is out of reach, you may be able to stretch your buying power with an adjustable-rate mortgage (ARM). Presidential Bank Mortgage's Advantage Loan provides a competitively priced 7/1 ARM that can offer years of fixed principal and interest payments which works well if you plan to sell or refinance before the adjustments occur. Reach out to learn more or if I can answer any home financing questions for you or someone you know."

Haven't heard of anyone looking at ARMS yet.

Yes, we're seeing them again. Some people think interest rates will go down and they'll have an opportunity to refinance or they just don't think they'll be in their house that long. I have a client getting a 10 year ARM now.

Cause & effect is making the rounds. 

The difference in interest rate is nominal. I am not encouraging ARM products. Everyone offers them.

Keep them in mind - they will fall prey to the next wave of foreclosures.

Yes - they're great products in certain scenarios - the current market being one, where an ARM can help soften the blow of rising rates.  

Any (or at least, most) ARM underwritten today with a fixed term of 5 years or less is qualified on a very conservative basis, with some more flexibility of fixed periods 7 years or longer (giving the vast majority of people time to refi out of the ARM into a lower fixed rate at some point).  The products today are much safer, for the most part, than what we saw in the early 2000s (many of those products were fixed for 2 or 3 years, and strapped with hefty prepayment penalties so people couldn't get out of them).

But yes, demand has ticked up as ARM rates have been a little more competitive than the 30 year fixed recently.

I just saw on with a cap of 8%

Hadnt noticed a surge in these so far.

No and I'm not hearing anyone asking about it either.  Buyers are playing a wait and see game right night - which for their situations is a smart move.

Yes and lenders recommend it.  Wonder what everyone will think if rates are at 10 in 7 years and they still own the home.  I mean 6 ain't bad.

Not here, but understandable with rates up and very risky for those who haven't planned for contingencies! 

ARMs are definitely becoming my popular. 

Not yet Paul.