Is It Time To Refinance Out of an Adjustable Rate Mortgage (ARM)?

As interest rates head skyward, many homeowners with adjustable rate mortgages (ARM) are faced with being crushed between rising mortgage payments and rising real estate taxes. Bankrate.com has an article looking at what homeowners are doing to get out of the squeeze. Many homeowners are taking the plunge, paying the refinancing costs and prepayment penalties, and moving into fixed-rate mortgages so they can sleep better at night. Read the article..