Fixed Rate Home Loans Still Cheap

February 1st, 2010 by admin

It used to be that there was a huge difference in interest rates between a fixed rate home loan and an adjustable rate mortgage or “ARM” as commonly termed in the industry.  Things have changed tremendously though over the past year after the big banking crisis which has shook up the home loan interest rate landscape.  In most instances, fixed rate home loans are priced almost the same as an ARM for the same term and qualifying factors.  If this is the case, then why are people still taking out ARM home loans?  Maybe is just that and ARM is assumed to be much cheaper than a fixed rate.  Don’t assume if your are currently searching for a home loan.

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