I am on my second year on a 5/1 arm. The current rate is 5.00. Want to lock into a 30 year fixed at 5.00 or less. Ideally, including the closing costs into the new loan.

Thanks for all your help.

If your current mortgage is a Fannie Mae or Freddie Mac mortgage then you should not have a problem locking in close to that rate.

P.S. I only lend in the state of Florida

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Is your current lender entertaining balance forgiveness? If not do you have the ability to paydown the difference?

Thank you.

John