| North Palm Beach, Fla. -- Nov. 27, 2009 (Bankrate.com) -- Rates on 10/1 ARM refinances in the United States remained unchanged at 4.87 percent on Friday, according to Bankrate.com's daily Your Best Interest report. A basis point is one-hundredth of a percent. The mortgages in the survey had an average of 0.73 discount and origination points.
Someone taking out a $165,000.00 10/1 ARM refinance at the current average would pay $872.69 a month for the first 10 years of the loan. The rate would adjust annually thereafter. Nationally, the highest rate on a 10/1 ARM refinance was 10.00 percent. The lowest rate was 3.88 percent. A month ago, the average rate in the U.S. was 4.69 percent. To see all of the results of Bankrate.com's surveys, go to www.bankrate.com. The Your Best Interest report is a daily service of Bankrate.com, a financial news and information service based in North Palm Beach, Fla. Bankrate surveys more than 300 financial products from more than 4,800 institutions in all 50 states. | 
