6 million

fixed-rate loan from Investors, which participated in the financing of a 128,599 s/f, office building in Hauppauge, N.

For example, 82 percent of borrowers who had a hybrid ARM chose a

fixed-rate loan during the third quarter, the highest share since the second quarter of 2010, while the remaining 18 percent chose to refinance back into a hybrid ARM.

They had 37 percent of the nation's prime

fixed-rate loan foreclosure starts and 67 percent of the prime ARM [adjustable-rate mortgage] foreclosure starts.

The average cost of a two-year

fixed-rate loan has risen to 7.

Data for February shows that 87% of first-time buyers chose a

fixed-rate loan - up from the previous record of 84% in January, and 82% in the same month last year.

The

fixed-rate loan statistics and the other background information for this article have given us a broader basis for estimating the extent to which the public hedges against interest rate increases through

fixed-rate loans.

Those with existing ARMs who are trying to decide whether to convert to a

fixed-rate loan should tally up conversion lees (which vary) and any prepayment penalties and closing costs, and compare the total to the maximum possible increase in monthly payments they'd be subject to if they kept the ARM for the remainder of the time they plan to be in the home.

the rate on a 30-year

fixed-rate loan leapt from 6-1/4 percent with 1-1/2 points on Tuesday to 7 percent with 2-1/8 points on Friday.

This alternative offers you protection against rising rates with future flexibility to convert back to other financing options with a less onerous prepayment penalty than the traditional

fixed-rate loan.

But the growth of adjustable-rate financing in the past decade has multiplied the possibile configurations a refinancing can have: A homeowner can also move from a

fixed-rate loan to an adjustable one, from an adjustable to a fixed, or from one adjustable-rate loan to another.

Of borrowers who paid off a 30-year

fixed-rate loan, 43 percent chose a 15- or 20-year loan, the highest such share since the first quarter of 2003.

A $1,500,000 25-year

fixed-rate loan for the purchase of a 13,000 s/f apartment building in which 2,500 s/f is retail.