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Personal Finances / Buying or Selling a Home
|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.
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