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Mortgage & Housing Market News from HSH.com
April 9th, 2010

With Rates This Low, Should I Keep My ARM?

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I once again had the honor to write a guest post on the highly-regarded personal finance blog Get Rich Slowly (GRS).

In February, GRS reader Abby wrote in with some questions about her adjustable-rate mortgage (ARM). She’s had an ARM for seven years now, and the rate is due to reset in 2010. She wants to know what her best course of action is — continue with her current ARM, refi to a new ARM or refi to a fixed-rate loan?

J.D. Roth, the man behind GRS, handed Abby’s questions over to me to talk about the pros and cons of ARMS.

CLICK HERE to head over to GRS and check out the answers and advice we gave to Abby.

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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