Quote:
Originally Posted by Rick Lee
Thanks, but unless it's done by seven years, there's no point in going with a 7/1 ARM.
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We don't know what rates are going to be in 7 years so there is no real answer.
Keep in mind that rates have dropped significantly and if bond rates continue to fall a 30 year fixed could see 3% in a month. Avg is 3.34 today, down a tenth from last week. Coronavirus is YOUR friend.
