Is your mortgage scheduled to adjust this season? You may want to let it.
Adjustable-Rate Mortgages Starting To Adjust Higher
For the first time in a year, homeowners with adjusting mortgages are facing rising mortgage rates.
Conforming ARMs From 2004-2006 Are Adjusting To 3 Percent
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.