Make sure you check this article out and see if you fit the criteria. if you do, listen for the offical anouncment Tuesday.  Odds are you will have to make the move and take the initiative to have your lender freeze your rate. read below...

Wednesday, December 05, 2007

Inman News

A coalition of lenders, loan servicers and investors have reportedly agreed to a plan that would freeze interest rates on some subprime mortgage loans for five years.

Borrowers with loans made between Jan. 1,  2005, through July 30 of this year who face interest rate resets between Jan. 1, 2008, and July 31, 2010, would be eligible for interest rate freeze, the Associated Press reported, citing unnamed sources including Congressional aides.

An official announcement of the plan's details is scheduled for Thursday, AP reported.