Industry News

Survey: ARMs now offer less interest-payment savings

Higher interest rates diminish savings of adjustable home loans
Published on Jan 5, 2006

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by CareyBot

Consumers are getting smaller interest-payment savings on adjustable-rate mortgages compared to fixed-rate loans now that the Federal Reserve has raised short-term interest rates, a study of such loans has found. The Freddie Mac 22nd annual adjustable-rate mortgage survey, released today, ...