“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.
LOL--me!!! When we refinanced our primary mortgage with an ARM, we did so knowing that we'd have the house on the market within 18 months. One year after our refinance, our house went on the market--and it is still there, over 18 months later!
We're not screwed, though. I was very careful to make sure of what we were getting ourselves into, and that we would be able to afford the rate increases if the real estate market tanked, which it did, spectacularly.