Industry News

Survey shows ARM loans losing their advantage

Initial rate discount has 'virtually disappeared'
Published on Jan 15, 2008

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by CareyBot

Adjustable-rate mortgages accounted for a smaller share of prime loans in 2007 as their interest-rate advantage over fixed-rate loans shrank and lenders offered smaller discounts on introductory rates. Those are among the findings of Freddie Mac’s annual survey of prime ...