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I'm open to being convinced the ARMs are better for the individual but I don't buy it with my current info. Having a lower fixed rate for the entire duration of

I'm open to being convinced the ARMs are better for the individual but I don't buy it with my current info. Having a lower fixed rate for the entire duration of the loan sounds like the most consumer friendly one to me. My current mortgage is 2.87$ APR fixed and I don't see how an ARM could benefit me one bit. Sounds like constant anxiety.

listenallyall 3y ago
Of course, "having a lower fixed rate for the entire duration of the loan" is optimal... but most people don't initiate their mortgage at the lowest interest rate in history.