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 Phil Denfeld on February 8, 2011
http://phildenfeldmortgage.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 Phil Denfeld on January 12, 2011
http://phildenfeldmortgage.com/2011/01/comparing-arm-fixed-2011-january.html
Your ARM Is Adjusting Lower. Is There A Downside To Letting It?
Adjusting conforming mortgages are adjusting to as low as 3 percent. If you have one, should you let your rate fall? Or refinance out?
Posted by Phil Denfeld on September 10, 2010
http://phildenfeldmortgage.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 Phil Denfeld on July 13, 2010
http://phildenfeldmortgage.com/2010/07/adjustable-rate-mortgage-libor-summer-2010.html
