TITLE

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

AUTHOR(S)
Thomas, Heather
PUB. DATE
November 1995
SOURCE
American Banker;11/21/1995, Vol. 160 Issue 225, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
9512080781

 

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