the fed might be inclined to lower rates in 2H:07, or at least keep them where they are.
anyways, 30 year fixed rates are still low by historical standards (6% +/-).
so time (and the global glut of liquidity) is on your side.
if you are worried about the arm resetting, then refi in 9 months at a fixed rate.
I like this plan. I think rates will dip a bit in the spring. Start talking to you morgage broker in March or April keep and eye on interest rates. Shop the rates around a bit and pull the trigger. I'd jump out of your arm ASAP lock into a fixed.
The charm of fishing is that it is the pursuit of what is elusive but attainable, a perpetual series of occasions for hope. ~John Buchan
Fortunately our mortgage isn't that big, so I've got some room to fiddle with things...just don't want to get pinched making any last moment decisions.
Hybrid Mode
