Real Esate Blog

Wow, I cannot remember a time when fixed rate (30 or 15 yrs) were actually below ARM's (Adjustable Rate Mortgages). Why anyone would take out an ARM is beyond me. In "Normal" times you could save on the monthly payment by using an ARM, not so any more. Fixed rates are around 4.48-4.78 (15 yr-30yr) while ARM's are around 4.85. Now, if we can just get by this "recession" and get homes selling again, we can all rejoice!
Posted by Phil Turner on May 5th, 2009 4:35 PM
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