I refinanced our mortgage in July and got a 3.625% 5-1 ARM (interest only).
If you are planing on staying in the house long term then for sure look into refinancing into a 30 year fix. If not then 5/1 Arm is a good product. If you are under 417,000 loan amount then you can also check out 10/1 and 7/1 Arm pricing. you should be able to get alittle better rate and extent the Arm. You can also...