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What's best for a variable interest loan?

We've seen interest rates climb to 7.29% from a low of 2.8% the previous year. What advise can you give to those who have ARM loans at the moment? Do I keep or refinance? by isidroalfonso795 from Aspen, Colorado. Nov 4th 2022 Reply


Dave Skow (daveskow)
#15 ranked lender in Washington - 455 contributions

1) depending on the rate adj date you have - you are liekly best to keep your arm and watch rates in the future and refinance then 2) make sure you understand how your arm works ...index / margin / interest rate caps so you are aware of the mecahnics of the loan 3) if you are super nervous about the future and a soon adjustement date - consider refinancing to another arm or a fixed rate loan

Nov 7th 2022
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