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re: Home refinance Arm Vs Fixed
Posted on 4/21/18 at 3:56 pm to Dotherightthing
Posted on 4/21/18 at 3:56 pm to Dotherightthing
Are you very likely to still live in the house in 2022?
If not, you may not want to refinance.
No one knows what interest rates will be in 2022. If it gives you peace of mind, lock the rate.
However, it's likely that the economy will cool in the next 3 years so interest rates may come back down. I would guess in the next year or 1 1/2 rates will rise.
If not, you may not want to refinance.
No one knows what interest rates will be in 2022. If it gives you peace of mind, lock the rate.
However, it's likely that the economy will cool in the next 3 years so interest rates may come back down. I would guess in the next year or 1 1/2 rates will rise.
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