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July 11, 2006
Should I Refinance my Adjustable Rate Mortgage Now or Wait for the Interest Rates to
With interest rates on the rise, many people are wondering if they should refinance their adjustable rate mortgages (ARMs), especially since about one in four mortgages will have their interest rates reset in 2006 or 2007. This means your interest rate is adjusting, and probably sooner than you think, especially if you're holding 2/28 or 3/27 hybrid ARM. You know your payment is increasing, maybe to as much as $300 per month, as the rates continue to rise. So, now the question is whether to refinance into an interest only mortgage, another ARM or go with a fixed rate
From Should I Refinance my Adjustable Rate Mortgage Now or Wait for the Interest Rates to
Posted by Chris at July 11, 2006 04:40 PM
