Further, refinancing borrowers clearly preferred fixed-rate loans
, regardless of whether their original loan was an adjustable-rate mortgage (ARM) or a fixed-rate.
Rosenberg negotiated two other fixed-rate loans
Brinkmann said, "Prime fixed-rate loans
continue to represent the largest share of foreclosures started and the biggest driver of the increase in foreclosures.
The group said interest rates on fixed-rate loans
reached their lowest point in December 2005, with rates averaging 4.
And overall, fixed-rate loans
accounted for 76% of all loans for house purchases, returning to their highest-ever level last achieved in November 2005 when they also reached 76%.
At the same time, the number of fixed-rate loans
has fallen from the already low level of recent years.
com said the top five two and three-year discount rates were all offered by building societies, while four of the best fixed-rate loans
were also offered by mutuals.
These fixed-rate loans
generally are repaid in three to five years, "Rates have come down," says McBride, "but refinancing might: not be the best move.
The large number of refinancers that opted for fixed-rate financing is not surprising insofar as borrowers tend to refinance when rates are perceived as low, and the inclination is to lock in low rates with fixed-rate loans
Discover Student Loans Adds Fixed-Rate Loans
for Undergraduate, Health Professions, Law, MBA and Graduate Students
14, 2012 /PRNewswire/ -- In the fourth quarter of 2011, fixed-rate loans
accounted for more than 95 percent of refinance loans, based on the Freddie Mac(OTC: FMCC)Quarterly Product Transition Report released today.
Business Loan Express, LLC will begin providing fixed-rate loans
for investment real estate properties throughout its network of over 40 offices nationwide.