Friday, September 09, 2005

Interest rates unchanged

Bankrate.com reports that the 30 year fixed rate remained steady at 5.80%.

And, fewer people are electing to get an adjustable rate loan. Bankrate.com reports that "A year ago, almost one-third of mortgage applicants sought adjustable-rate mortgages, or ARMs. Last week, according to the Mortgage Bankers Association, 26.5 percent of mortgage applicants wanted ARMs."

To see the rates, go here.

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