No way. No way this deal goes through as announced. You can just feel it. ...Countrywide is about to go belly up, Angelo Mozilo is about to be indicted, and BofA is about to make a run for it. It's coming. Moreover, asking your lender whether a rate if fixed or adjustable is important when you're on the look out for the best rate. Remember that adjustable rates, despite their low interest rates, might not have the best mortgage rates. Adjustable rate mortgages only have low interest rates in their first year, after which, rates either tend to go up or go down.
