Industry News

Adjustable-rate real estate loan popularity climbs

First-time home buyers more likely to choose ARMs
Published on Oct 22, 2004

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by CareyBot

Nearly a third of mortgage applicants who shop online chose an adjustable-rate mortgage between February and September of this year, according to the latest Bankrate consumer focus survey. The survey showed that 31.9 percent of mortgage applicants received an ARM ...

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