The Department of Housing and Urban Development has made a long-sought change that could make it easier for lenders to offer a new hybrid adjustable-rate product insured by the FHA. An interim final rule published in the March 29 Federal Register authorizes lenders to originate FHA-insured five-year hybrid ARMs with interest rates that can move upward by 2 percent per year. The rule would also increase, from 5 percent to 6 percent, the maximum…