Yeah mine is at 8.35%. It was to have adjusted a couple months back, but countrywide had sent me a letter saying they were locking in the rate for 5 years. I did not even ask for it. So they were be proactive i guess. But at the end of the 5 years, my intrest would have been alot higher, all the adjustments were to kick in. My husband too is not working so we cant afford the payment. I am hoping they will cut the rate in half.
