Monday, 15 August 2011 16:11

95 Percent of Refinancing Borrowers Choose Fixed-Rate Mortgages

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In the second quarter of 2011, fixed-rate loans accounted for about 95 percent of refinance loans, based on the Freddie Mac (OTC: FMCC) Quarterly Product Transition Report released yesterday. Refinancing borrowers clearly preferred fixed-rate loans, regardless of whether their…

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Read more http://rismedia.com/2011-08-15/95-percent-of-refinancing-borrowers-choose-fixed-rate-mortgages/

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