It looks as though the ARM is going to be taking over again now that everyone has been getting the urge to get back into a fixed rate.
This is amazing how mortgage rates work. Not that long ago fixed mortgage rates were the way to go, but as of late it has moved to the other end of the stick.
With todays market being so, in simple terms, dead the government needs to keep lowering rates to start helping the housing market get back to normal. This would take banks loosening up the strap a little as well, because banks are the ones that have to approve the loan.
As for todays mortgage rates the 30 year fix is about 6%, and the ARM is at an untouchable 5.5%. If you need to Refinance, or purchase then fill out the form and I will get things rolling.
For additional information visit Howell Michigan Mortgages and Real Estate.
Howell Real Estate Blog