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Real Estate & Property Law

: Housing Wire

Refinances Flock to Fixed-Rate Mortgages

By DIANA GOLOBAY

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Of the prime, conforming adjustable-rate mortgage (ARM) borrowers that refinanced in the fourth quarter of 2008, 97 percent refinanced into a new conforming fixed-rate mortgage (FRM), up from a revised 85 percent in the third quarter, according to data released Monday by Freddie Mac (FRE: 0.51 -1.92%). The quarterly refinance report, which looks at a [...]

Full post as published by Housing Wire on February 23, 2009 (boomark / email).

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