re: 30 year mortgage rates.

You must work for Whitney. That is what I did. 5/1 arm 1st, and now converting to a 30 year. I can't say I really understand. I am still doing a second closing and have some (it seems some duplicated) closing cost associated with it? In retrospect, I am not sure that this was the better route.

I was initially under the impression that it was in fact a one time closing, and I paid everything up front. I didn't realize I would be bringing several thousand dollars to convert to a 30 year.