Freddie Mac: Fixed Rate Mortgages Still Choice of Borrowers
admin2011-02-16T05:15:14-07:00February 16, 2011 (Jeff Alan) In the fourth quarter of 2010, fixed-rate loans accounted for more than 95 percent of refinanced loans, based on the recently released Freddie Mac quarterly Product Transition Report. Refinancing borrowers overwhelmingly chose fixed-rate loans, regardless of whether their original loan was an adjustable-rate mortgage (ARM) or a fixed-rate. That’s due [...]