Industry News

Fewer ARM borrowers refinancing into fixed-rate loans

Freddie Mac tracks most popular refi options in Q3
Published on Nov 14, 2007

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by CareyBot

Borrowers refinancing adjustable-rate mortgages during the third quarter were a little less likely to move into fixed-rate loans, mortgage repurchaser Freddie Mac said today. About 85 percent of borrowers refinancing 1-year ARM loans chose fixed-rate mortgages, Freddie Mac reported, down ...

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