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.
Click Chart to view larger Image

In the first half of 2005 nearly half of all new conventional purchase mortgages were ARMs.

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