ARM Share Grew in November as Fixed Mortgage Rates Increased

The recent increase in fixed mortgage rates had the effect of driving more borrowers into adjustable rate mortgages (ARMs) in November, Ellie Mae’s Origination Insight Report shows. The average rate for a 30-year fixed-rate mortgage, based on closings, was 5.15% in November, up from 5.01% in October, according to […]

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