Unformatted text preview: • 4.95% b. What was the average 15-year fixed-rate? • 4.32% c. What was the one-year ARM rate? • 4.22% d. Do these figures represent an increase or decrease over the previous week’s rates? Comparing between the week of March 11, 2010 and the week of March 4, 2010, these figures represent a decrease. See Attachment. 1...
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- Spring '10
- Mortgage loan, Professor Clements, fixed-rate residential mortgages