Percent of homeowners with an ARM in Orange County

Lenders Seeing Popularity in their New ARM Product

There’s a new loan product rising in popularity for homes in affluent neighborhoods as it pertains to ARMs, also known as adjustable rate mortgages. The new product is the jumbo 5/5 ARM. This loan is a five-year ARM but the interest rate is fixed during those initial five years, After the first five years, the Read more about Lenders Seeing Popularity in their New ARM Product[…]