REFI BORROWERS OVERWHELMINGLY CHOOSE FIXED-RATE MORTGAGES

摘要

In the second quarter of 2012, fixed-rate loans accounted for more than 95% of refinance loans, based on the Freddie Mac Quarterly Product Transition Report released August 14, 2012. Refinancing borrowers clearly preferred fixed-rate loans, regardless of whether their original loan was an adjustable-rate mortgage (ARM) or a fixed-rate.