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Old 01-18-2008, 03:52 PM
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emilybelle is on a distinguished road
Default Labor Rate Mortgage
My mortgage is based on the labor rate. It adjusts in March does that mean my mortgage will go down?
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Old 01-18-2008, 03:56 PM
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I am a realtor of 10 years. It could, but it also could adjust upwards. I advise looking into a refinance. That way, you'll have a fixed payment and no more guessing. There are lots of great offers out there as many people are in the same boat as you!
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