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…

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