In the 2015 Home Buyer and Seller Trends Report produced by The National Association of Realtors®, a fixed-rate mortgage is the predominant form preferred by buyers across all age groups. The percentage is 92%. Below is a breakdown of those under 34 compared to people in their Sixties.

Type of Mortgage

Those Under-34

 

Aged 60-68

Fixed-rate:

93%

 

89%

Fixed, then adjustable-rate:

4%

 

6%

Adjustable-rate:

2%

 

4%