IF you have had an adjustable rate home mortgage (ARM) for a while you are seeing the interest rates rise and are seeing the payments go up. Although rates are still fairly low you can lock these rates in during this rising market. An ARM is great when rates are dropping, but when they are on the rise they really aren't all that worthwhile unless you can't get anything else. This may be the best time to get a fixed rate mortgage for you right now. Take a look at your options and see what the pros and cons are for YOUR situation. It never hurts just to look and it may end up saving you a ton of money over the term of your mortgage.