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Subject:  30 FRM cheaper now than 5 yr ARM Date:  9/24/2012  7:29 PM
Author:  Dwdonhoff Number:  124292 of 128371

30 FRM cheaper now than 5 yr ARM

On several ratesheets now I am seeing the 30 FRM priced cheaper than the 5 yr ARM (and only about 40-60 bips in fee higher than the 7 yr ARM.)

The 30 FRM mortgage is currently available at par (no discount points) at 3.0% on the nose.

This is unlikely to remain in place very long… maybe a few months…..
BUT STILL… important to be aware of.

Dave Donhoff
Leverage Planner
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