Adjusting conforming mortgages are adjusting to as low as 3 percent. If you have one, should you let your rate fall? Or refinance out?
All posts in category Adjustable Rate Mortgages
Your ARM Is Adjusting Lower. Is There A Downside To Letting It?
Posted by Gayle Blonar on September 10, 2010
http://gayleblonarblog.com/2010/09/adjustable-rate-mortgage-libor-september-2010.html
Should You Refinance Your ARM, Or Let It Adjust Lower?
If your adjustable rate mortgage is due to adjust this year, don’t go rushing to replace it just yet. Your soon-to-adjust mortgage rate may actually go lower this year.
Posted by Gayle Blonar on July 13, 2010
http://gayleblonarblog.com/2010/07/adjustable-rate-mortgage-libor-summer-2010.html