arms
Mortgage ARMs Become Attractive Again
Rates on 15 and 30 Year Fixed loans have been pretty stable the last month. In contrast mortgage rates on 5 and 1 year ARMs have been falling. 1 Year rates fell from 5.22 to 5.06 this week. This is the lowest 1 Year Arms have been since early March. Its [...]
Fixed Rate Mortgages Hold Steady Again While Arms Nudge Down
For the second week in a row 30 year mortgage rates held steady at 6.52. 15 year mortgages last week moved from 6.07 to 6.1. The week they returned to 6.07. So basically the fixed rates are holding steady. 5 Year Arms fell from 6.05 to 6.02 and 1 Year Arms [...]