From the daily archives: Friday, October 9, 2009

It’s A Good Time To Look At Adjustable-Rate Mortgages

By On October 9, 2009 · In Uncategorized

According to the Freddie Mac weekly mortgage rate survey, the relative cost of a 5-year ARM is dropping versus its 30-year fixed-rate cousin.

During the first 5 months of 2009, the products ran neck-and-neck. Today, they’re a half-percent apart.

On a $200,000 home loan, that’s a difference of [...]

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