Gap between ARMs, Fixed Rate Mortgages Narrowest in Four Years

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00002364-gap-between-arms-fixed-rate-mortgages-nar/

By Rachel Koning, MarketWatch

Benchmark long-term mortgage rates were little changed this week, having climbed without pause for more than two months, Freddie Mac’s latest survey released Thursday showed.

The gap between adjustable-rate mortgages, or ARMs, and fixed-rate mortgages is at its narrowest in four years, souring demand for riskier ARMs typically sought for lower monthly payments but vulnerable to rising interest rates.

For this complete story, please visit Gap between ARMs, Fixed Rate Mortgages Narrowest in Four Years.

Gap between ARMs, Fixed Rate Mortgages Narrowest in Four Years

Unknown Author

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