ARMs,LIBOR

Don’t Rush To Refinance That ARM — It May Be Adjusting To 3 Percent Or Lower

by David Lukas March 10, 2010

If your mortgage is set to adjust this year, the smart move may be to let it. Today’s conforming mortgages are adjusting lower than ever before — as low as 3 percent. It may not be what you expected when you signed for your ARM several years ago.

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