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In response to "Ya know what's nice...when you call to talk re-financing and they tell you your house is 17% more valuable than you were expecting and your credit sc" by Will Hunting

Unless you're planning on moving in within the time frame of your ARM, I would go with the fixed rate. I don't think rates are going to go lower

again (absent another significant economic shift). They're likely headed up in the longer term.

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