I went through 2 ARMs between 2013 and 2021. In both cases the 7 year ARM was at least 1.5 % below the traditional 30 year I could get. Between lender rebates

I went through 2 ARMs between 2013 and 2021. In both cases the 7 year ARM was at least 1.5 % below the traditional 30 year I could get. Between lender rebates and such, in both cases we had essentially $0 out of pocket and in both cases a moderately. In the last couple years, the ARMs I looked at were less than a single % from a traditional 30 year. I had last 3% ARM was adjusting in mid 2023, and I refi'd to a 30 year @ 2.75% last October. Holy tamole things have changed since then!