ARM rate will not be below 5% for quite some time

回答: CD rates will be higher next monthCALoanAgent2008-06-13 14:09:59

since the 2 yr T-Note is around 2.92; and 1 yr LIBOR index around 3.21 now(was 2.87 one month ago).

So any Conforming ARM Rate or Jumbo Conforming ARM Rate should be good if it's below 5.5%.

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