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MortgageWatch from MarketWatch101
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The interest rates have not been too stable for a long time now. Check the graphs below, you can see there has been a huge range / change in the past 3 months. The range is about .20% which is a big amount taking into consideration a house valued not less than $300,000. The best way to save money is to watch the trend and catch the interest rate and the low tide.
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Interest rate Trend - ARM 5/1
2007 Full Year trend
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Interest rate Trend - ARM 5/1
Four week trend
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Interest rate Trend - ARM 1 Year
2007 Full Year trend
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Interest rate Trend - ARM 1 Year
Four week trend
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Check out the What is ARM to learn about the fixed interest rate mortgage product. Read the advantages and gotchas in using it. Specially important is the "watchout" section.
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