Mortgage rates drop back below last years levels
Freddie Mac reported Thursday that Fixed Rate Mortgage (FRM) and Adjustable Rate Mortgage (ARM) rates all fell this week after spiking last week. FRM rates are now slightly below year ago levels as are 1-year ARM rates, but 5-year Treasury Indexed hybrid ARMS are slightly above the rate from the same week in 2007. [...]
November 7 2008, 2:03am | Original Link »
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