Thursday, March 02, 2006

5/1 ARM Rates For the Past 3 Months

3 comments:

  1. The interest rate is fixed for the first 5 years then adjusts according to market conditions.

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  2. Anyone who has had a 30FMR for the last 5 years converted to current 1ARM rates will enjoy a substantially reduced payment.

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  3. More specifically, anyone who has had a 5/1ARM for the last 5 years will have their monthly payment reduced if converted to 1ARM rates even remotely close to todays rate.

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