Declining Market Share of Adjustable-Rate Mortgages (ARMs) Attributed to Shifts in the Term Structure of Interest Rates, Reduced Size of the Jumbo Mortgage Market

WASHINGTON, D.C. – December 28, 2010 – (RealEstateRama) — The Federal Reserve Bank of New York today released Why Is the Market Share of Adjustable-Rate Mortgages So Low?—the latest article in its series Current Issues in Economics and Finance.