Zillow Advice: Refinance - I have a interest only loan at 5.125 5 yr arm valid until 2010 nov.Is it rt time to refin with 30 yr http://www.zillow.com/advice-thread/I-have-a-interest-only-loan-at-5-125-5-yr-arm-valid-until-2010-nov-Is-it-rt-time-to-refin-with-30-yr/246991/ Zillow Advice | Zillow Real Estate If you wait until 2010, there ... http://www.zillow.com/advice-thread/I-have-a-interest-only-loan-at-5-125-5-yr-arm-valid-until-2010-nov-Is-it-rt-time-to-refin-with-30-yr/246991/ <em>If you wait until 2010, there is no guarantee as to where rates could be then.&nbsp; Get in while the rates are low.</em><br/><br/>I can pretty much guarantee that with the size of the government deficit, increasing fuel prices, and an economy that appears to be turning around that 11/2010 <a href="http://www.zillow.com/Mortgage_Rates/">mortgage rates</a> will be substantially higher than today's offering.&nbsp; I'd second Wayne's advice to take action now. Sat, 20 Jun 2009 03:41:00 GMT http://www.zillow.com/advice-thread/I-have-a-interest-only-loan-at-5-125-5-yr-arm-valid-until-2010-nov-Is-it-rt-time-to-refin-with-30-yr/246991/ 2009-06-20T03:41:00Z par rates have been fluctuating ... http://www.zillow.com/advice-thread/I-have-a-interest-only-loan-at-5-125-5-yr-arm-valid-until-2010-nov-Is-it-rt-time-to-refin-with-30-yr/246991/ par rates have been fluctuating from 5.125 and 5.375 the last couple weeks. There are a few factors before I would advise anything that will affect your new rate. What is your FICO? What is the LTV on the property? etc... From there you can get an accurate quote and a good L/O should be able to quote new payments and help you determine if it is the right decision. Fri, 19 Jun 2009 18:22:00 GMT http://www.zillow.com/advice-thread/I-have-a-interest-only-loan-at-5-125-5-yr-arm-valid-until-2010-nov-Is-it-rt-time-to-refin-with-30-yr/246991/ 2009-06-19T18:22:00Z 30 year rates were hovering ... http://www.zillow.com/advice-thread/I-have-a-interest-only-loan-at-5-125-5-yr-arm-valid-until-2010-nov-Is-it-rt-time-to-refin-with-30-yr/246991/ 30 year rates were hovering around 4.875% 2 weeks back. You should refinance. The main issue in <a href="http://www.zillow.com/refinance/">refinancing</a> these days is the appraisal. I hope you have 20% equity in your home (based on appraisal value). If not them consider a <a href="http://www.zillow.com/fha-loan/">FHA loan</a>, provided your <a href="http://www.zillow.com/mortgage/">loan</a> amount is less than $729 K. Thu, 18 Jun 2009 20:21:00 GMT http://www.zillow.com/advice-thread/I-have-a-interest-only-loan-at-5-125-5-yr-arm-valid-until-2010-nov-Is-it-rt-time-to-refin-with-30-yr/246991/ 2009-06-18T20:21:00Z While the market is still ... http://www.zillow.com/advice-thread/I-have-a-interest-only-loan-at-5-125-5-yr-arm-valid-until-2010-nov-Is-it-rt-time-to-refin-with-30-yr/246991/ While the market is still volitile, we are experiencing still some of the most historical low rates.<br/><br/>Find yourself a good <a href="http://www.zillow.com/directory/lenders/">mortgage broker</a> in CA, and <a href="http://www.zillow.com/refinance/">refinance</a> soon.<br/><br/>If you wait until 2010, there is no guarantee as to where rates could be then.&nbsp; Get in while the rates are low.<br/><br/>Best of Luck<br/> Wed, 17 Jun 2009 21:40:00 GMT http://www.zillow.com/advice-thread/I-have-a-interest-only-loan-at-5-125-5-yr-arm-valid-until-2010-nov-Is-it-rt-time-to-refin-with-30-yr/246991/ 2009-06-17T21:40:00Z