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Freddie Mac 23rd Annual Adjustable Rate Mortgage (ARM) Survey released last week contained few surprises. The three major findings were: A decline in the market share of ARMs as savings from these loans as compared to fixed rate loans shrank; Greater lender discounts to entice borrowers into taking out...
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The Federal Reserve Board seldom giveth, but they did send home buyers and owners as well as real estate professionals a bit of a holiday present last week. The Board in conjunction with the Office of Thrift Supervision issued a revised version of its venerable Consumer Handbook on Adjustable-Rate Mortgages...