Search results

@anita50 No prob and I'll add this as well: if you look at historical 30 mortgage trends, you had like 10% in 1990 and around 2.5% in 2021. Obviously, no one can predict the future, but I would bet that future rates will trend within these bounds, and think very unlikely to go sub 3% again. And...

@anita50 If you are comfortable making payments at 6.5% or even perhaps 8%, I would go with the ARM. Right as rates were exploding, I got a 30 year 7/1 ARM at 3.8%. Doing the math, I figured I could afford the home at a higher rate if I'm still in the house when it changes, although I don't plan...