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February 19, 2006

Hybrid Mortgage Popularity

Hybrid mortgages are becoming the "loan of choice" for increasing numbers of borrowers, it was revealed in the 22nd Annual Adjustable Rate Mortgage (ARM) Survey, conducted by Freddie Mac, a major buyer of existing home mortgages. A hybrid mortgage is basically an ARM loan but offers a fixed interest rate for a specified number of initial years before reverting

From Hybrid Mortgage Popularity

Posted by Perry at February 19, 2006 09:53 AM