7 years to go on a 15 yr fixed rate mortgage, refinance to 5/1 or 7/1 ARM?Does it make sense to refinance to take advantage of the lower rates on ARM's with only 7 years to go on my 15 year fixed rate (4.87%) mortgage (and still pay off the debt in 7 years)?July 19 2010 - Boulder00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.