If your ARM is due to adjust this spring, your best move may be to let it. Don’t rush to refinance — your rate may be adjusting lower.
All posts in category Adjustable Rate Mortgages
Adjustable Rate Mortgages Adjusting To 3.000 Percent Right Now
Posted by Tiffany Taylor on February 8, 2011
http://tiffanytaylormortgageblog.com/2011/02/adjustable-rate-improving-february-2011.html
Comparing Mortgage Rates For Adjustable- And Fixed-Rate Mortgages
Currently, relative to fixed rate mortgages, ARM pricing is excellent. Freddie Mac’s weekly Primary Mortgage Market Survey puts the 5-year ARM mortgage rate lower than the 30-year fixed rate mortgage rate by 1.02 percent.
Posted by Tiffany Taylor on January 12, 2011
http://tiffanytaylormortgageblog.com/2011/01/comparing-arm-fixed-2011-january.html