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ARM Share Declines During 2006, Teaser Discounts Highest in Eight Years 

Jan 03, 2007By

A study released by Freddie Mac today shows the impact of the housing slowdown on lending practices, including a decline in ARM share of overall lending, as the interest-rate savings relative to fixed-rate loans has shrunk. The 23rd Annual Adjustable-Rate Mortgage (ARM) Survey of prime loans also found greater lender discounts for introductory ARM rates and an increasing popularity of hybrid ARMs relative to one-year adjustables.

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