MoneyRates Blog
Short-Term Adjustable Mortgage Rates Now Higher Than 30-Year Fixed Rates
April 23, 2009
By Clark Schultz | Money-Rates Columnist
By Clark Schultz | Money-Rates Columnist
The weekly survey of mortgage lenders conducted by Freddie Mac is reporting that the average rate on a shorter-term adjustable-rate mortgage is now higher than fixed mortgages of 15 or 30 years. This is the first time since Freddie Mac started the survey over 20 years ago that the mortgage rate curve has been inverse. Adjustable Rate Mortgages (ARM)’s are mortgages [...]
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Home Equity Loan Rates from Wachovia Bank
September 27, 2007
By MoneyRates team | Money-Rates Columnist
By MoneyRates team | Money-Rates Columnist
The Savings Investor has been tracking home equity loan rates closely following the decrease in short term interest rates by the Fed. And while national averages are down as expected, we are taking a look at how fixed-rate home equity loan rates have fared. We have used a sample borrower who has a $400,000 house [...]
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