Spring 2011 Mortgage Trends
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5 housing trends in spring 2011

ARMs gain popularity
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ARMs gain popularity

With 30-year fixed-rate mortgages hovering just above historic lows, does it make sense to get an adjustable-rate mortgage?

An estimated 10 percent of borrowers will opt for an ARM this year, according to a recent Freddie Mac survey of 112 lenders nationwide.

In some cases, ARMs are certainly worth a look. Are they a good idea for you? For more, see "ARMs suit some, but what about you?"


 

 

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Product Rate Change Last week
30 year fixed 4.29%  0.01 4.30%
15 year fixed 3.23%  0.06 3.29%
5/1 ARM 3.33%  0.12 3.45%
 
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