Data from the Mortgage Bankers Association covering early 2016 says that fixed-rate loans for terms other than 30 or 15 years, primarily 20 or 10-year mortgage loans, represented 18 percent of all refinances (an increase of 57 percent from the previous year).
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Who chooses a 10-year mortgage rates? Data from the Mortgage Bankers Association covering early 2016 says that fixed-rate loans for terms other than 30 or 15 years, primarily 20 or 10-year mortgage loans, represented 18 percent of all refinances (an increase of 57 percent from the previous year).
Mortgage rates throttle higher, but relief lies ahead – That’s not a good thing Fixed-rate mortgages track the yield of the 10-year U.S. Treasury note TMUBMUSD10Y, -0.75% , although they move with a bit of a lag. Freddie’s weekly survey cuts off a few days.
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