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    Question: I want to reduce the mortgage payments and invest the rest in some business. My close relatives are suggesting that I change my ARM to an FRM, as rates are on a high with the ARMs. What are your thoughts on it?

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    Answer: Higher short term interest rates in the industry imply that ra

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    ing that I change my ARM to an FRM, as rates are on a high with the ARMs. What are your thoughts on it?

    Answer: Higher short term interest rates in the industry imply that ra

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    Higher short term interest rates in the industry imply that rates on different adjustable rate mortgages (ARMs) are set to climb up. And now, since the 30 year ARM is averaging around 6.26, it’s time to shift from an ARM to an FRM (Fixed rate mortgage).

    You can opt for a 30 year fixed rate mortgage in or

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