Fixed-rate and adjustable-rate interest margins narrow down
04/27/09 22:21
It used to be that fixed-rate loans are much more expensive than adjustable-rate ones. However, when the mortgage market collapsed and consumers looked at the latter market sourly, things begun to change. Now, the gap has narrowed down to a gap that Freddie Mac declared as the slimmest since the firm started to gather mortgage data in 1984.
Unfortunately, not everyone is entitled to afford this very cheap loans.
