If you have an adjustable-rate mortgage that’s due to reset this season, don’t rush to refinance. For at least one more year, you can benefit from low rates and low payments. As for the next adjustment, though, that’s anyone’s guess.
A Case to Consider An Adjustable-Rate Mortgage in the Bay Area
April 5, 2011 By
The interest rate gap between fixed-rate mortgages and adjustable-rate mortgages is growing. It peaked 2 weeks ago, but remains huge at 1.16 percentage points.
Plan on Moving Soon? Have an Adjustable Rate Mortgage? 3.00% Interest Rate on the way!
February 8, 2011 By
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.
Comparing Mortgage Rates For Adjustable- And Fixed-Rate Mortgages
January 12, 2011 By
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.
