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Tagged : adjustable-rate mortgage

Found 2 blog entries tagged as "adjustable-rate mortgage".

homealexanderstulov_450Adjustable-rate mortgages are certainly tempting, with their low introductory interest rates, but we’ve all seen their downside in the recent housing crisis.

But adjustable rate mortgages, or ARMs, aren’t all bad; in fact, they can work well for many homeowners.

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Photo:  ©[Alexander Stulov]/123RF.COM

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It’s unknown whether or not the Federal Reserve’s new stimulus will be able to whip the economy back into shape, but one thing’s for sure: It’s sent mortgage rates plummeting.

Freddie Mac’s Primary Mortgage Market Survey  showed new record lows in all categories except the 5-year adjustable-rate mortgage (ARM). The GSE reported that the 30-year fixed average fell to 3.40 percent (0.6 point) for the week ending September 27, down from 3.49 percent in the previous week’s survey.

To read more on this article, click the link below:

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