mine is going adjustable in Feb or March and I was kind of worried about getting bent over as I can't re-fi as I'm upside down. talked to my bank and the majority of the ARMs are readjusting down in the 3s right now. so I might be paying less for the next year, and the following year it can only go up 2% from that rate. so thankfully its not as bad as I was expecting thankfully.