Freddie Mac has just released the results of its 24th Annual adjustable rate mortgage (ARM) Survey . The survey, a snapshot of the market taken during the week of December 17 to December 21 based on data from 112 ARM lenders, found that starting rates for ARMs had changed little since the 2006 survey...
Lets congratulate the Bush administration, the Federal Reserve and the democrat controlled Congress. It looks like they have come up with a breakthrough approach to problem solving that may finally end the world's problems once and for all. The breakthrough came with the idea to freeze ARM rates so that...
Now that the housing bubble has officially started to deflate we can turn our worries to the newest wiggle: Rate Shock . At least three of the major television and cable networks have run stories in the past week about the danger confronting homeowners with adjustable rate mortgages when those rates...
Freddie Mac released its 22nd annual Adjustable Rate Mortgage (ARM) Survey last week. The study found that traditional 1-year ARMs have lost even more market share to hybrid ARMs and that lenders have continued, even increased, initial period discounts to borrowers to keep ARMs viable in the mortgage...