For the first time in a year, homeowners with adjusting mortgages are facing rising mortgage rates.
Tag Archive: LIBOR
Orlando Mortgage: ARMs from 2004-2006 Adjusting To 3 Percent
If you have an adjustable-rate Orlando mortgage that’s due to reset this season, don’t rush to refinance.
Don’t Rush To Refinance That ARM — It May Be Adjusting To 3 Percent Or Lower
If your mortgage is set to adjust this year, the smart move may be to let it. Today’s conforming mortgages are adjusting lower than ever before — as low as 3 percent. It may not be what you expected when you signed for your ARM several years ago.
Mortgage Rate Adjusting? You May Be in for a Surprise…
TweetFor Winter Haven and Polk County, FL homeowners with soon-to-adjust adjustable rate mortgages, the recent banking turmoil worldwide may lead to budgetary pain. This is because most conforming ARMs made since 2003 are based on a borrowing cost called LIBOR and LIBOR is up an uncharacteristic 2 percent since September. LIBOR stands for London Interbank…
