Comment: Go with the fixed rate.

(See in situ)

Go with the fixed rate.

Unless you plan to pay it off before the rate has a chance to reset higher. That is to say, if you can pay it off in five years then go ahead and take the 5/1ARM and save some interest money. Otherwise take the low fixed rate, and let the bankers choke on their own inflation.

Josh Brueggen
Jack of all Trades
Precinct Commiteeman Precinct 5 Rock Island Co Illinois