| North Palm Beach, Fla. -- Nov. 27, 2009 (Bankrate.com) -- Rates on 5/1 jumbo ARM refinances in the United States rose 3 basis points to 4.79 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 0.71 discount and origination points.
Someone taking out a $435,000.00 5/1 jumbo ARM refinance at the current average would pay $2,279.67 a month for the first five years of the loan. The rate would adjust annually thereafter. Nationally, the highest rate Bankrate found on a 5/1 jumbo ARM refinance was 8.25 percent. The lowest rate was 3.38 percent. A month ago, the average rate in the U.S. was 4.81 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. | 
