With LIBOR Low, Don’t Rush To Refinance Your ARM
Is your mortgage scheduled to adjust this season? You may want to let it.
Is your mortgage scheduled to adjust this season? You may want to let it.
For the first time in a year, homeowners with adjusting mortgages are facing rising mortgage rates.
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.