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Loan Modification

: The Truth About Mortgage.com

Adjustable Rate Mortgage Share Lowest on Record in 2009

By scot184

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Last year, just three percent of purchase-money conventional loans were adjustable-rate mortgages, according to Freddie Mac’s 26th Annual Adjustable-Rate Mortgage (ARM) survey of prime loan offerings. That’s the smallest annual share since the Federal Housing Finance Agency began keeping track in 1982, and nowhere close to the 62 percent share seen in 1984 when inflation and [...]

Full post as published by The Truth About Mortgage.com on January 19, 2010 (boomark / email).

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