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In the first half of 2005 nearly half of all new conventional purchase mortgages were ARMs.
Thursday, November 13, 2008
Fixed Interest Rates Dominate Conventional Purchase Mortgages
It use to be popular for consumers to choose and lenders to offer adjustable rate mortgages (ARMs). ARMs are becoming scare these days. The chart shows that roughly 95% of new conventional purchase money mortgages are fixed rate mortgages.
In the first half of 2005 nearly half of all new conventional purchase mortgages were ARMs.
In the first half of 2005 nearly half of all new conventional purchase mortgages were ARMs.
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