Worried about your ARM rate resetting? Read this article.

A 3.5 percent rise in rate translates to about a 25 percent increase in p&i payment…

Missing in the Bubble Apocalypse: nobody has to suffer the 3.5 percent reset! Because of the negative curve, anybody can refinance today to a rate close to 6 percent without loan fees. That’s only a two-point reset, a 15 percent rise in p&i cost.

Advertisements