By "silently steal" I'm talking about the fixed rate mortgage at 6% when rates have dropped to 5.25%. Not enough difference to refinance and might be another fe

By "silently steal" I'm talking about the fixed rate mortgage at 6% when rates have dropped to 5.25%. Not enough difference to refinance and might be another few years before it is. Yes of course it is a gamble as rates could rise but from about 1982 to 2021 -- almost 40 years -- the trend has been downward almost the entire time. But that's many millions of homeowners paying a lot of extra hundreds of dollars (in interest, not principal) every month for many, many months. This still doesn't mean ARMs are "better", just different.