From my head on refinance rates
Rest assured that nothing will change so long as payments are current. For those wishing to take out new mortgage loans, the low interest rates currently being offered as part of the economic stimulus are too good to pass up. Whichever of the mortgage loans best suits your needs, it is still critical to maintain a level of fiscal responsibility in determining an amount you can reasonably afford. Considering the cause of the recent subprime mortgage loans crisis, it is vital to avoid the same lures and traps created by those aggressive and unscrupulous lending practices. Determine and do not waiver from the highest mortgage payment your budget will allow, no matter how much the loan officer says you qualify for.