May not be a bad idea to take adjustable now.
Rates shouldn’t move much higher.
It’s a gamble, but a potentially reasonable one at this point.
Discussion
That’s no gamble no more
#MRC
🫶
Refinancing is an option to ride rates down but it does take more effort.
Well, if you have low rates currently there’s zero point to refinancing.
But, if you’re buying a new home, then adjustable may be a better choice than 30yr.
Sure, you could refinance, but there’s cost there and effort there.