They’re Back! ARMs Hit 5 Year Highs
As hard as it may be to believe, the adjustable-rate mortgage (ARM) has reached levels not seen since the housing bubble burst in 2008.
According to a recent Primerates.com survey of Minneapolis/St. Paul mortgage rates, five institutions offered rates below 4.00%.
According to a recent Primerates.com survey of Detroit CD rates, Detroit’s largest banks offered CD’s with rates between 0.01% and 0.30%.
According to a recent Primerates.com survey of Denver mortgage rates, six Denver institutions offered rates below 4.00%.
According to a Primerates.com survey of Baltimore CD rates, Baltimore’s largest banks offered CD’s with rates between 0.05% and 0.60%.
According to a recent Primerates.com survey of Philadelphia mortgage rates, six Philly institutions offered rates below 4.00%.
According to a recent Primerates.com survey of Washington DC CD rates, DC’s largest banks offered CD’s with rates between 0.05% and 0.30%.
According to a recent Primerates.com survey of Houston mortgage rates, seven Houston institutions offered rates below 4.00%.
According to a recent Primerates.com survey of NYC CD rates, NYC’s largest banks offered CD’s with rates between 0.05% and 0.40%.
According to a recent Primerates.com survey of Miami mortgage rates, seven Miami institutions offered rates below 4.00%.
According to a recent Primerates.com survey of Los Angeles CD rates, LA’s largest banks offered CD’s with rates between 0.01% and 0.85%.