Another question
Should I get an ARM rate until rates go down, then get a 30 year fixed?
The answer: There are reasons to get an adjustable rate, not the one you pose. If you are going to be in the home a short time is one reason. There is nothing that indicates we will ever see the recent low rates again. It probably will not happen in my lifetime. We hit lows that hadn’t been seen in decades. Many decades. Get used to it. It is a matter of what you are used to.
