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Loan Modification

: The Truth About Mortgage.com

Home Prices Fared Best in Markets Where Borrowers Chose Fixed Mortgages

By scot184

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Home prices fell the least in housing markets where most borrowers took out fixed-rate mortgages, according to a perspective by Freddie Mac deputy chief economist Amy Crew Cutts. Cutts, who praised the fixed-rate mortgage for being an ?American Economic Shock Absorber,? noted that home prices are down less than five percent in states where prime, FHA [...]

Full post as published by The Truth About Mortgage.com on October 12, 2010 (boomark / email).

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