Re: Interest Rates gamble - 30 yr. fixed vs. 5-year ARM\'s
I am closing on a house this month, and know exactly what you mean.
I ended up going with a 7-year ARM, which has slightly higher interest rates but with more time to refinance.
Secondly, how long do you intend to stay in the house? The national average is 7 years so if you get a 7-year ARM you will most likely be able to sell before worrying about it.
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