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Real Estate & Property Law

: Housing Wire

Borrowers Shun Adjustable-Rate Mortgages in Q3: Report

By PAUL JACKSON

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Ongoing turmoil in the U.S. housing and mortgage markets led borrowers in droves into fixed-rate mortgages during the third quarter, according to a survey released late Thursday by Freddie Mac (FRE: 0.41 -16.33%). The GSE reported that 94 percent of prime borrowers who originally had a 1-year conforming adjustable-rate mortgage chose a new conforming fixed-rate [...]

Full post as published by Housing Wire on November 21, 2008 (boomark / email).

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