MitsuStyle - View Single Post - Refinance

**asshanson** · 08-15-2013

A lot of ARM loans will have a 2% lifetime max, and an annual 1% cap or so. Also, a lot of 30yr fixed are 4.5% now, rates jumped last couple weeks. I am considering a 10/1 ARM if fixed rates dont come down in a month or so.

08-15-2013	#14
asshanson immune from paybans Join Date: Oct 2005 Location: West Des Moines Drives: poorly Posts: 4,358	Re: Refinance - ARM? Thoughts.... A lot of ARM loans will have a 2% lifetime max, and an annual 1% cap or so. Also, a lot of 30yr fixed are 4.5% now, rates jumped last couple weeks. I am considering a 10/1 ARM if fixed rates dont come down in a month or so.