Wednesday, July 16, 2008

Adjustable Rate Mortgages Not Popular


If you need a new mortgage loan would you want fixed rate mortgage or an adjustable rate?

Two years ago, roughly 45% of all mortgages were adjustable rate. These days less than 10% of mortgages have adjustable rates. The the mortgage data in the chart uses conventional purchase mortgages from January 2003 to the present. This data includes 14.5 million mortgage transactions collected from municipal recordings nationwide.


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