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Author Question: You currently have a 5 year adjustable variable rate mortgage which is 4 years into the adjustment ... (Read 71 times)

jake

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on: Apr 14, 2019

You currently have a 5 year adjustable variable rate mortgage which is 4 years into the adjustment period. The current interest rate is 3.5% per annum, and the rate is indexed to the 10 year Treasury note which is currently yielding 2.15%. Most financial forecasters are anticipating rate increases over the 2016-2017 period, but there is no consensus on the total amount of the increases. Given the interest rate environment, what would be the best course of action for your mortgage?


◦ Double up on payments and pay it off in half of the term.
◦ Refinance at the conventional 30 year fixed rate currently offered at 3.75%.
◦ Stick with your existing mortgage since it is currently 3.5% and below the offered fixed rate.
◦ Refinance into a 1 year ARM so that when rates decrease you will be in a better position.
Personal Finance ¦ Madura ¦ 6th Edition
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Marked as best answer by jake on Apr 14, 2019

jaykayy05

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Reply #1 on: Apr 14, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jake

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Reply #2 on: Apr 14, 2019
Thanks


jaykayy05

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Reply #3 on: Apr 14, 2019
Welcome :)


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