BG I know you’re the type of person who can’t stand not having the last word or zinger….So…. Since you started dragging this thread down a rathole anyway, let’s just completely go down the rathole all the way to sewer. Since I’m a pigg, I love rolling in mud.

If you had 14 of 30 years left on your ARM that is right now 3.6%, and if you are one of the bears that think rates are going to rise once Fed starts adopting a hawkish stance. Then why wouldn’t you refinance into a fixed 15 year at what 2.85ish% or a 10 year fixed at 2.66%ish as you head into retirement, as you claim you are heading, guaranteeing you to have a fixed living cost for the next 14+years instead of putting yourself at risk for an ARM rate increase?

And if you really can pay off your house right now, why not pay off that 3.66% loan (and essentially pay yourself 3.66%, instead of paying the bank 3.66% and letting the bank pay you 1% CD or so?) After all, you’re heading to retirement, if you can pay off your house completely, you should have sufficient working cash after paying off your house to live off of, and your expenses would be low with no mortgage and there would be no uncertainty from a ARM rate increase…