If you have been thinking of refinancing now is a great time. I just refinanced my mortgage to a 5/1 for a rate of 3.125 0/0
This is the first time I have ever done a 5/1 mortgage. I normally stick with the traditional 30 year fixed but this was just too good of a deal to pass up. I was at 5.375 and I am now saving well over $300.00 a month! I am going to put that extra savings on my principal every month as well as any extra cash I have and see how fast I can pay down my mortgage.
With everything you spend your hard earned money on you should always shop around for the best deals. I shop around every time I refinance and every time, Rich (see below) has always had the best deal out there.
For the best deals, I recommend:
Richard Barry : Branch Manager Accutrust Mortgage, Inc
11 Red roof Lane,Salem, NH 03079
Licensed in MA, ME, NH and VTnmls# 21181
Hope you all can also save a ton of money on your mortgage!