Posted on Sunday, 5th July 2009 by admin
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In this article we have given the three years trends of 30 year FRM, 15 Year FRM, 1 Year ARM: Initial Interest rates and 1 year ARM: Fully Indexed Rate.
Following the above graph which starts from 23rd June 2006 as you can see that 30 year ARM was at 6.60% while that of 15 Year FRM ,1 Year ARM: Initial Interest rates and 1 year ARM: Fully Indexed Rate were at 6.30%, 5.60% and 7.90% respectively. After that we can see a small rise and then the rates starts declining up to 6th October 2006.
After this date we can see small ups and downs in the rates up till 8th June 2007 soon after this the rates increases up to a considerable level but at this time the 1 year ARM: Fully Indexed Rate increases up to very small level. Then we can see a decline in rates just after this date, sometimes the rates go up also but to a very small extent and this decline in rates continued till 8th February 2008. During this period we can see a huge decline in 1 year ARM: Fully Indexed Rate and its decline continued till few days after 14th March 2008.
After 8th February 2008 we can see that sometimes the rates of 30 year FRM, 15 Year FRM, 1 Year ARM: Initial Interest rates went up and some times it came down and these ups and downs continues till 19th December 2008 and after that the rates remains quite stable up till 12th June 2008 and soon after this date we can see a rise in rates.
But if we talk about 1 year ARM: Fully Indexed Rate, after 14th March 2008 there was a continuous rise in rates and after 27th June 2008 there was a continuous fall in these rates up till 10th October 2008 after which we can see a short rise in rates and then a great fall till 19th December 2008 after that rates remains quite stable up to 12th June 2009 during this period there was just a small rise in rates on 27th February 2009.
Tags: 1 Year ARM, 1 Year ARM: Initial Interest rates, 15 Year FRM, ARM, FRM, higher mortgage rates, Historical Graphs for Three Months Mortgage Rates Trends, Interest Rates, Interest Rates Trends, lower mortgage rates, mortgage, mortgage rate trends, mortgage refinancing, real estate, rise and fall in mortgage interest rates
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