TMortgage rates tumbled, as short-term mortgage rates shot up higher sending the share of variable rate applications tumbling.
The share of adjustable rate mortgage application sank though a big drop in yield of the 1year Treasury-indexed ARM may change that. However, latest report suggests that late payments on subprime adjustable-rate mortgages have increased for eight consecutive quarters and currently sit near 17%, while delinquency improved on the fixed rate mortgages and loans ........Click here to read more.....
Showing posts with label Tight. Show all posts
Showing posts with label Tight. Show all posts
Friday, September 6, 2013
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