Industry News

Adjustable-rate loans comprise one-third of real estate purchases

Freddie Mac survey shows rising rates on ARMs
Published on Jan 10, 2005

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by CareyBot

Adjustable-rate mortgages accounted for 34 percent of the conventional purchase-money market in 2004, which is the second highest annual share since 1994 when the share was 39 percent, according to an annual survey released by Freddie Mac Initial rates on ...