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   Loan Type Rate
30 yr fixed mtg 6.36
15 yr fixed mtg 5.96%
5/1 ARM 5.83%
30 yr fixed jumbo mtg 7.53%
5/1 jumbo ARM 6.47%

Explore Your Refinance Options!

There are a number of ways to approach an upcoming ARM adjustment:

Option Future Plans Risk Keep in Mind
Do Nothing Plan to move in a year or two. Medium: Depending on your current loan, if rates rise, your payments will, too. If you can afford higher payments and plan to move soon, refinancing generally won't pay for itself.
Refinance to a fixed-rate loan Plan to stay in your home 7 years or more. Low: Your payments are locked for the term of the new loan. Your rate may be some-what higher than your current ARM rate, but you can rest assured that your rate won't rise to an unaffordable level.
Refinance to a hybrid ARM Plan to stay in your home 3 to 7 years. Medium: Your rate and payment can be locked for the initial period (usually 3, 5, or 7 years). ARMs generally carry lower rates than fixed-rate loans, so a hybrid ARM can provide peace of mind, along with a lower rate.

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