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re: Home refinance Arm Vs Fixed
Posted on 4/22/18 at 10:19 am to Dotherightthing
Posted on 4/22/18 at 10:19 am to Dotherightthing
We are at all time lows in interest rates. Fixed is the only way to go unless you plan on moving before 2022
1
Posted on 4/23/18 at 10:41 am to ELVIS U
I’ve got a similar scenario- my ARM adjusts in July 2019, but my rate is at 2.875%, so i’ve been watching rates to see what’s going to happen. Worst case scenario for me is that my rate jumps to 4.875 in 2020- 2% per year, max of 5%, so I think I’m going to stick it out and take advantage of the low note
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