should i refinance in this case

Absolutely... well almost. If you plan on keeping the home for more than a year after that rate starts to adjust, it would be foolish to "ride" the market in this environment. The fact is that rates are going up and if you can lock in something at today's rates, you would probably be in much better shape. In fact, I would recommend a long term 30 year fixed unless you plan on selling or paying off in the near future. You can get a custom quote from us simply by following this link. It will allow you to determine exactly what you qualify for so that you may make the most informed decision possible.www.omnifund.net/rates/request.php

In most cases yes unless you plan on selling it in the near future. I am local here in Washington and if you have any questions we can meet up. Take care,Kyle StancatoBayviewhomeloans.com

Yes, Samantha, Dan is absolutely correct. Rates are holding fairly well for the moment, but all indications show that rates will begin to rise this year and continue to do so for some time. Your plans for the next few years will definitely determine what's best for you. If you're going to be in your home for the long term, a fixed rate loan would be best, but if you will be moving within the next 5 years, an ARM may be work better for you. I am at The Home Loan Center of Washington and would be glad to help you. For a quote and pre-approval, go to http://gobestloan.com/?staff=bob-finch, and we can get started on securing the best plan for you.

Samantha - thanks for the question .... Answer really depends on a few things ..... 1) how long do you plan to keep property ? 2) what is present balance and approx market value of home ? 3) what amount of rental income do you receive ? 4) what is present payment and rate in present ARM loan Thanks and let me know ?Dave Skow - eagle home mortgage - seattle - 306 714 9745 - daveskow@eaglehm.com

More info would be needed, but in general.. rates have been holding for several years now since the economy is still stalled, and as a result, the government is aiding in holding mortgage rates artificially low.. My educated guess is that if another democrat gets elected to Presidency, rates will continue to be low for a few more years, but if a republican get's elected, then rates will most likely rise... My suggestion would be to contact a local mortgage broker and have them send you weekly rate updates.. if you see a big movement in an upward direction, get your application in right away and lock in your loan.. otherwise continue to enjoy your low interest rate.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com