Refinancing an ARM
Part of my job as a real estate attorney is helping my clients make informed decisions about refinancing. Many people in adjustable-rate mortgages (ARMs) who are about to experience their first adjustment call me wanting to refinance. In this current economic climate, with many leading interest rate indexes at historic lows, it actually may not make sense to refinance this year. (Next year is another story.)
See this article on Boston.com, which I think sums things up nicely. And, as usual, if you have any questions, feel free to e-mail me at jcohen@massrealestateblog.com or comment to this post.