Each week, government-led Freddie Mac publishes a weekly mortgage rate survey based on data from 125 banks across the country. According to this week’s results, the relative rate of a 5-year ARM is extremely low versus its 30-year fixed-rate cousin.
Tag Archive: Adjustable-Rate Mortgage
Florida Mortgage Update: Now is a Good Time to Consider a 5-Year ARM
According to the Freddie Mac weekly mortgage rate survey, Florida mortgage borrowers might do well to consider a 5-year ARM vs. a 30-year fixed rate home loan.
