A 5-year ARM is FIXED for FIVE YEARS! I really don’t care which way the rates are going if I move anytime before then. Get it?
So? Like I said I could have sworn on a stack of bibles I would be out of my current house in under 5 years, that was 6 years ago. Life does not always follow your plans and why take a chance this big with your family? Get it.
“I really don’t care which way the rates are going if I move anytime before then.”
Unless of course when the market tanks where you own the home. Think MI and then think of how screwed the folks with ARMs are in MI.