Industry News

More borrowers refinancing into fixed-rate loans

Freddie Mac survey shows 1-year, hybrid loans less popular
Published on May 24, 2007

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

The tight spread between interest rates on fixed- and adjustable-rate mortgages means more than eight out of 10 borrowers refinancing out of 1-year or hybrid ARMs are choosing fixed-rate mortgages, Freddie Mac reports. In the first quarter of 2007, 89 ...