Have an Adjustable-Rate Mortgage? You Should Refinance Now

Have an Adjustable-Rate Mortgage? You Should Refinance Now

There's a reason adjustable-rate mortgages (ARMs) are appealing. Often, they come with much lower interest rates than fixed loans. If you get a 5/1 ARM, for example, you might score an interest rate that's substantially lower than you'd get with a 30-year fixed loan.