ANSWERS: 2
-
In the last couple of years, interest rates have been lowest in the months of Oct-March (when the housing market isn't as active). However, this year interest rates are higher than they've been for a while, so for you it's a toss-up: do you refi early next January, only to find that interest rates drop next year? Or wait until Nov 2008, and find that they've risen? Sorry, but the answer to this question is your own call. No one can predict the future for you.
-
My biggest concern is that it sounds like and ARM, and I would try to convert to a fixed rate if it were me.
Copyright 2023, Wired Ivy, LLC

by 