Rickls asked:
I purchased my home a year and a half ago. I have a 7.125 – 5 year ARM rate currently. I have good credit (score 780). Is this a good time to re-do my mortgage and lock in at a better rate?
I have a 5 year ARM. I’m currently in my second year. My current mortgage is $880 a month and an interest rate of 7.125%.