Low rates luring borrowers to 15-year fixed-rate refis

Thomas, Heather
November 1995
American Banker;11/21/1995, Vol. 160 Issue 225, p8
Trade Publication
Reports on the strength of refinancing activities in the United States due to low interest rates. Borrowers' preference for 15-year fixed-rate mortgages when they refinance; Increase in refinancing volume; Narrowed difference between the 15-year mortgage rate and the adjustable rate; Adjustable-rate mortgages as the big loser among refinancing options.


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