Navy Federal Credit Union, Freddie Mac target investors with 5/5 ARM

Navy Federal Credit Union announced Tuesday that it is partnering with Freddie Mac to offer a 5/5 adjustable-rate #mortgage to large institutional investors. According to Navy Federal, the 5/5 ARM has a “history of growth and stability” with the credit union, and plans to grow the product moving forward. http://www.housingwire.com/articles/39157-navy-federal-credit-union-freddie-mac-target-investors-with-55-arm ❤️ #share #mortgage

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