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Tag Archives: Adjustable Mortgage Rates

A Resurgence of ARMs

loan defects in application form

What does the rise of ARMs indicate for the housing market and which areas are experiencing a higher demand for this mortgage product? Here’s what an analysis found.

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Fixed Mortgage Rates Sink to Lowest Level of 2014

A year ago, the 30-year FRM averaged 4.58 percent—its peak in 2013. The average interest rate for a 15-year FRM this week was 3.23 percent (0.6 point), down from 3.24 percent a week ago. Adjustable rates were mixed for the week. According to Freddie Mac, the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.95 percent (0.5 point) in the latest survey, down slightly from last week, while the 1-year ARM edged up to 2.38 percent (0.5 point).

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