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Posts: 154
In response to
"
Will, if you get an ARM I will fly there and punch you.
"
by
spamlet
Rising Mortgage Rates Cause 'Rush to ARMs' -- (link)
Posted by
decline (aka Decline)
Jun 26 '13, 10:18
(No message)
http://www.cnbc.com/id/100845777
(www.cnbc.com)
Responses:
thanks - that confirms something I was about to say. I hadn't been paying close attention, but a consumer radio guy mentioned last weekend that rates
-
b.
Jun 26, 10:26
Maybe I misunderstand the concept, but getting an ARM in a rising rate environment strikes me as unwise. -- nm
-
Was Bar Was
Jun 26, 10:21
4
because the rates are generally lower than a fixed-rate mortgage.
-
znufrii
Jun 26, 10:24
Some argue that getting an ARM is never wise.
-
Strongbad
Jun 26, 10:23
1
if you are only going to be in a house for 5 years, it makes perfect sense. nm -- nm
-
groiny
Jun 26, 10:23
yup. nm -- nm
-
groiny
Jun 26, 10:22
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