Looking for the best Adustable Rate Mortgage - 2005-01-11
Q. I am thinking of refinancing into a one-month LIBOR ARM, which is interest-only for the first 10 years. I currently have a 5/1 interest-only at 6.25 percent. We purchased the house a year ago and it has increased in value by approximately $70,000.

I am looking to have a smaller monthly payment, but would like to have peace of mind that the interest rates are not going up a considerable amount (more than 2.0 percent).
Read the full story at Bankrate.com

Mortgage Rates, Anti-Virus Software - 2005-01-11
Metro Atlanta home mortgage rates hovered at 30 year lows.

# 30 year fixed - 5.375% and no points
# 15 year fixed - 4.875% and no points
# 1-year adjustable - 3.75% and no points

In the adjustable rate market, the best 1-year adjustable rate is holding at 3.75% and no points.
Read the full story at WXIA-TV