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Adjustable Rates

By
Real Estate Agent with Coldwell Banker

Outside of the JUmbos, and portfolio loans on multi families, are the ARM/s fading away? It seems that when the BC paper starting toleave that the ARMs were not that great of product. I would have to think this is because some of the ARM produsts were sold a number of years ago and now they are being adjusted with an interest increase.

Thanks

Tom BRaatz

Comments(2)

Dominick Gaccino
Dominick gaccino - Peekskill, NY

it has seemed that way for over a year

 

rates on 30 year are right there now w arms....makes no sense

 

there are sytill some lenders whos niche products are strictly arms

 

overall though 30 year fixed loans are right there w arms now

 

DOMINICK GACCINO

First Suffolk Mortgage Corp

May 20, 2007 02:42 PM
Dave Cheatham
INC Financial - Bartlett, IL
It seems when looking at he rates they are not much better for the people.  ARM's are not bad in itself and could be the right loan for the right time.  I just have seen that they have been higher rates, or .125 better.  That is not enough for the risk many times.
May 20, 2007 03:43 PM