Mortgage Blog

7/1 ARM rate for Rentals

September 10th, 2015 3:09 PM by Eric Fang

Starting this month, we do not have good rate for 7/1 ARM rentals, if we want to have the lender paying all the closing cost, 30 yr fixed rate is even better. The main reason is that 7/1 ARM(most of the ARM rates) have a CAP of the rebate, so it is hard to get lower 7/1 ARM rate. 

But the 7/1 ARM rate is still very good for conforming, high balance and Jumbo rates.
Posted in:General
Posted by Eric Fang on September 10th, 2015 3:09 PM



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