Re: Interest Rates gamble - 30 yr. fixed vs. 5-year ARM\'s
5/8 to 3/4 seems high, the gap between a 5/1 ARM and a 30 fixed is so large. Adjustable rates have gotten hammerred in the last few weeks. I just locked a rate on a refi for a friend of mine two days ago and the difference between a 30 fixed and a 5/1 Arm was only a quarter point. I would be happy to sanity check your rate quotes if you wanted to email me at the address below.
Pancho
e-mail is
presto(dot)good(at)gmail(dot)com
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