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What is the current thinking on ARM (adjustable rate mortgages) versus fixed rates?

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What is the current thinking on ARM (adjustable rate mortgages) versus fixed rates?

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There is no one right answer. But, if we have learned anything from the housing crisis we have learned that discretion is the better part of valor. A one-year ARM is risky. If you intend to stay in the house for less than five years, a five-year ARM does make sense.

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