Fixed Rate Mortages Looking More Attractive The Ventura County Star notes a new trend in the California Mortgage market, namely that people are beginning to re-fiance those adjustable rate mortages into fixed rate mortgages. Given the fact that 30 year rates are often just a bit more than than there interest only counter parts. The other interesting fact is that the median home price in Ventura County is $667,130. 30 year fixed loans are now about 5.5% while 5/1 ARM might only be 4.25%.

Given the low prices of fixed rate loans, why get an ARM?  ¶ Fixed Rate Mortages Looking More Attractive