If you’re nearing the end of the initial term on your adjustable-rate mortgage (ARM), you might be wondering if now is a good time to refinance, and whether you should switch to a fixed rate. Despite low mortgage rates, the majority of homeowners haven’t refinanced, according to a recent Bankrate survey, with many worrying that they might not save enough to justify the cost. Still, with some ARMs having high caps on rate increases, the stability of a fixed monthly payment can make refinancing worth it. READ MORE