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Loan Modification

: The Truth About Mortgage.com

Nearly 100 Percent of Homeowners Chose Fixed Mortgages When Refinancing

By scot184

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More than 99 percent of prime borrowers who originally had conforming adjustable-rate mortgages chose fixed-rate loans when they refinanced during the first quarter, according to a report from Freddie Mac. That?s up slightly from the just-below 99 percent share in the fourth quarter; nearly 100 percent of borrowers who originally had fixed-rate loans refinanced into similar [...]

Full post as published by The Truth About Mortgage.com on May 21, 2009 (boomark / email).

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