refinance question

Hi, I purchased my first house in June and was doing 7yr ARM.  Now the rate has gone down, so I am thinking to refinance it to a fixed loan.  Do you think this is a good move now or should I wait for a couple more years to refinance (7 year is still far way).  I don't have much experience on this, so appreciate any inputs.   I should only consider no point and no cost refinance, correct? Thanks!

所有跟帖： 

• 不知道你的利率是多少，当时给我报的是7年ARM 3.0%， 15年fix 3.25%。 -梅影- ♀ (163 bytes) () 11/30/2011 postreply 11:55:11

• To 梅影: please check your QQH. Thank you! -mortage2- ♀ (0 bytes) () 11/30/2011 postreply 12:05:21

• 已经回了，谢谢。 ：） -梅影- ♀ (0 bytes) () 11/30/2011 postreply 12:13:37

• Peopel predict that rates will be flat for a couple of years! -Yangtze430030- ♂ (328 bytes) () 11/30/2011 postreply 13:20:05