Rates in the next 10-12 months
Our 7/1 ARM is currently at 5.25. However, it will be resetting in June 2010. I think I can qualify to refi, should I do now or wait it out for lower rates? by rodjack84 from , . Aug 3rd 2009
Debra Clark (Debra Clark)
#146 ranked lender in California - 42 contributions
I think rates have already hit bottom. I would refi this year before we come out of the recession.
Bryan Wilson (Bryan Wilson)
#149 ranked lender in California - 30 contributions
What is your current loan amount? If it is under $417,000 - you can lock into a comparable rate for 30 years but you will lose the interest only payment option.Bryan WilsonPresidentMagellan Capital Group & Assoc.BBB Triple A rated 949-533-9333
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