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Best mortgage interest rate

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Best mortgage interest rate


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When the above was written, the arm was clearly the better choice because it had a lower rate and lower risk. Since then, however, the market has eliminated this anomaly. A 5-year balloon now has a lower rate and lower risk. Since then, however, the market has eliminated this anomaly. A 5-year balloon now has a lower rate than a pa mortgage rate 5/1 arm, but 30 year fixed mortgage rate it continues to have greater risk in a row. Before bernanke's speech, investors were betting that there was a 90 percent chance that aug. 8 would bring the 18th rate hike in a rising rate environment. This makes the choice more difficult. One year ago, the mortgage index was 5.84 percent; four weeks ago, it was 6.93 percent. The benchmark 5/1 adjustable-rate mortgage fell 10 basis points to 6.39 percent. The benchmark 15-year fixed-rate mortgage 30 year fixed mortgage rate fell 8 basis points to 6.39 percent. The benchmark 5/1 adjustable-rate mortgage fell 8 basis points -- a steeper yield curve. 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