Is it a bad time to…
…refinance? Are interest rates high right now?
Some may say it is not a great time to refinance because the interest rates are slightly higher than they have been 6 months ago. Others say it is still a good time to refinance if your adjustable rate mortgage (ARM) is going to adjust up. Unless you have a crystal ball, you never know if the interest rates are going to get worse than they are at this present time. What will you do when your ARM adjusts?