Notice how the difference in interest rates is narrowing. Hopefully, the allure of these Adjustable Rate mortgage Loans will wane.
Thursday, August 04, 2005
Jumbo 5/1 ARM vs. 30 Year Fixed
Here is a graph from Bankrate.com showing the interest rates on a 5/1 ARM Jumbo Loan vs. a 30 year fixed loan (for loans originating in California):
Notice how the difference in interest rates is narrowing. Hopefully, the allure of these Adjustable Rate mortgage Loans will wane.
Notice how the difference in interest rates is narrowing. Hopefully, the allure of these Adjustable Rate mortgage Loans will wane.
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