Re: Interest Rates gamble - 30 yr. fixed vs. 5-year ARM\'s
Just out of curiosity, are you buying in Seattle proper or in the burbs?
I was in about the same boat about a year and a half ago, and we went with a 5-year ARM.
The breakeven point versus a 30 year fixed is actually like 7 years on our loan, and we're pretty sure we'll move by then.
Congrats and don't let the housework drive you crazy.
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