Items Tagged with 'deputy chief economist'

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  • ARM Borrowers Flock to Fixed-Rate Mortgages During Fourth Quarter

    Ninety-two percent of prime borrowers in a 1-year conforming adjustable-rate mortgage chose a conforming fixed-rate loan when refinancing during the fourth quarter, Freddie Mac said Wednesday, compared to 85 percent during Q3. Eighty-nine percent of prime borrowers with a conforming hybrid ARM refinanced into a fixed-rate loan as well, up from 84 percent one quarter earlier.
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