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Tag Archives: FRM

Fixed-rate Mortgages Still the Loan of Choice

Underwriting

90 percent of Reverse Mortgage Backed Securities include fixed rate loans, meaning U.S. mortgage borrowers still choose fixed-rate mortgages as their loan of choice. With the upcoming end of LIBOR, the common ARM index, see what makes fixed rates the preferred loan.

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Mortgage Rates Rise for Third Straight Week, Still Down from December

Mortgage rates are up for the third straight week of February, according to a report released by Freddie Mac on Thursday. However, fixed mortgage rates still remain near late May 2013 lows and numbers released by the Federal Housing Finance Agency on Thursday show mortgage rates on a month-to-month basis are down in January. According to Freddie Mac, the 30-year FRM rate increased to 3.8 percent from last week’s rate of 3.76 percent.

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