Posted by Frank A (WI) on June 15, 1999 at 17:46:49:
Considering that the average 30 year fix is at about 7.725, 7.125 is high for an ARM but is a very good rate if it is on a 30 year mortgage. But we don’t know that, do we!
What is the amount of the mortgage over what period of time?
What area of the country are you in?
Frank A (WI)