[quote=briansd1]Actually, it depends on the holding period.
When I hear people say “we want move up in 5 years” I wonder why they would take on more costly loans.
I believe there’s is more psychology/animal spirits in people decisions that rationale.[/quote]
Agree, get the loan that’s fixed for the duration of your planned stay. If you plan to move in 10 years, get a 10/1 ARM, not a 5/1 ARM. No point in paying more for a 30 year fixed as you said.
