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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


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.

The BIDaWIZ Team



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