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With 30-year rates so low, is it a farewell to ARMs?

With the adjustable-rate mortgage (ARM) share in last week's Mortgage Banker's Association (MBA) Refinancing Index declining to 13.4% from 16.5%, analysts are starting to call for a reversal of the ARM effect.

A JPMorgan Securities report released last Wednesday said the ARM share of refinancings - though remaining high...

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