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re: Would you do 7/1 ARM or a 30-year fixed mortgage for a starter home?
Posted on 2/12/14 at 6:07 pm to Will Cover
Posted on 2/12/14 at 6:07 pm to Will Cover
quote:
I locked in at 2.875 % on a 15 year loan.
that is just truly amazing.
BTW, when I bought our first house, we got 6% and everyone was talking about how amazing 6% was and how it couldn't get any better, and when our 5/1 ARM expired, our rate dropped. We ended up selling around that time so we didn't refinanance buts its something.
I do think rates are going to go up though.
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