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Hi all, have not been around, been busy!

So it seems to be time to consider refinancing. I have a 2.65% 1 year Arm tied to the constant maturity treasury. I have had this for about 10 years. Has worked out really well. This is with Capital One 360, so I can refi into a new 5 year Arm at a cost of one payment, but the rate is 3.6%.

I have a 5 year time horizon in this home, for planning purposes. My loan is a low % of home value, perhaps 25%.

I can afford to pay it off but with rates so low my sense is either to stay the course or perhaps refi and increase the loan amount.

My expectation is ST rates will begin to rise in mid-2015. No way to know how much or how high of course. So this would kind of be an insurance policy against a steady or rapid rise in rates. Of course, that looks unlikely at the moment, but such is the nature of insurance.

Any thoughts on where I may find the cheapest money right now?

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