With all this recent talk about loan hybrids it’s no wonder refinance applications are up. People are seriously thinking about getting out of them and into fixed rate mortgages. Even though their adjustment period won’t take place for another couple of years. What gives? I have two good Realtor clients who have me on short leash that if the 30 year fixed conforming rate gets to 5.50 percent then they want me to refinance them out of their hybrid mortgage and into a fixed. Interestingly enough, they both have the same hybrid, a 5/1 conforming ARM at 5.50 percent. What Every Real Estate Investor Needs to Know about Cash Flow... And 36 Other Key Financial Measures

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