Rates have stabilized a bit this week, however, the trend continues to be moving higher. #rentals #Propertymanagment #interestrates Rates are from American Savings Bank based on a primary residence single family home with 20% down for a buyer with credit scores of 780 or higher. ARM rates are still a very attractive options with the 10 year ARM offering a longer timeframe of a fixed payment which has no prepayment penalty and allow borrowers to refinance in the future when rates move lower.
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