Fixed-Rates Targeted by 95 Percent of Refi Borrowers in Q2

  In Q2 of 2012, fixed-rate loans accounted for more than 95 percent of refinance loans, based on the findings of the latest Freddie Mac Quarterly Product Transition Report. Refinancing borrowers clearly preferred fixed-rate loans, regardless of whether their original loan was an adjustable-rate mortgage (ARM) or a fixed-rate mortgage (FRM). Of the borrowers who refinanced […]Image may be NSFW.
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