Top 10 States With The Lowest Adjustable Rate Mortgages Percentage
Posted by admin under: Main Jan 06I found these numbers at the USA Today and put them into a top 10 list of states with the lowest percentage of outstanding loans that are adjustable rates. After all the media hype about subprime fallout it seems that the numbers really do not tell the story outside of California and Florida.
What really was interesting was looking at the numbers after playing around with them in excel. There are 25 states with less than 1 percent of their outstanding mortgages in the Adjustable Rate category. Only 14 states have more than 2 percent of ARMs outstanding.
While not diminishing the issue, from the media reports you would never guess that the numbers would be as low as they are. But we all know the media never hypes things to sell papers, right?
Top 10 States With Lowest Adjustable Rate Mortgages Percentage
1 Alaska 0.10% 1 Montana 0.10% 1 North Dakota 0.10% 1 South Dakota 0.10% 1 Vermont 0.10% 1 Wyoming 0.10%
7 Dist. of Columbia 0.20% 7 West Virginia 0.20% 9 Delaware 0.30% 9 Maine 0.30% 9 Nebraska 0.30%
Source: Top 10 States With The Lowest Adjustable Rate Mortgages Percentage
Sunday, January 6th, 2008 at 3:24 am and is filed under Main. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.