Financial Regulation
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Financial reform: winners and losers

Mortgage borrowers
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Mortgage borrowers

Mortgage borrowers will likely see their borrowing options restricted to "plain vanilla" loans such as 30-year fixed mortgages and 5/1 ARMs. Oversight by the Consumer Financial Protection Bureau will likely mean that more exotic products such as option ARMs and interest-only mortgages will become more difficult to find. Mortgage borrowers will also benefit from fees, including points, being capped at 3 percent of the loan amount.


 

 

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MORTGAGE REFINANCE AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed 3.73%  0.03 3.76%
15 year fixed 2.93%  0.03 2.96%
5/1 ARM 3.03%  0.05 3.08%
 
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Product Rate Change Last week
30 year fixed refi 3.80%  0.03 3.83%
15 year fixed refi 3.01%  0.03 3.04%
10 year fixed refi 3.07%  0.04 3.11%
 
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60 month used car loan 2.66%  0.02 2.68%
48 month used car loan 2.75%  0.01 2.76%
60 month new car loan 3.08% --0.00 3.08%
 
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Product Rate Change Last week
1 Year CD 1.04%  0.05 0.99%
2 Year CD 1.18%  0.01 1.17%
5 Year CD 1.67%  0.02 1.65%
 
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Product Rate Change Last week
Balance Transfer Cards 16.05%  0.17 15.88%
Cash Back Cards 16.40%  0.07 16.33%
Low Interest Cards 11.21%  0.11 11.10%
 
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