Freddie Mac: Borrowers Take Advantage of Low Rates, Choose Fixed-Rate Mortgages

Refinancing borrowers are overwhelmingly choosing fixed-rate mortgages, according to a press release from Freddie Mac this morning. �In the first quarter of 2012, more than 95% of those refinancing opted for fixed-rate mortgages over adjustable-rate ones. Frank Nothaft, Freddie Mac chief economist commented: “Fixed mortgage rates averaged 3.92 percent for 30-year loans and 3.19 percent [...]

Source: http://www.totalmortgage.com/blog/mortgage-rates/freddie-mac-borrowers-take-advantage-of-low-rates-choose-fixed-rate-mortgages/16929

interest bearing savings insurance free markets capital markets