Back to list
QUESTION DETAIL
Related User
Votes
I am thinking about re-financing my mortgage. I currently have an interest only 5/1 arm that matures in 3 years. My rate is 5.25%. I have the opportunity to re-finance at 4.75% with the same terms and a 5/1 interest only ARM. Given the low level of in
ANSWER
The BIDaWIZ Team's Answer:
You should lock in a lower interest rate, as soon as possible,
for a fixed term. Inflation is on the rise; which means that interest
rates will soon rise, and once the rates begin to increase, they
will not be this low again, for a material length of time.
