waterboy wrote: 7/1 ARM at – Piggington's Econo-Almanac

January 27, 2009 at 6:28 PM #337789

Participant

[quote=waterboy] 7/1 ARM at 4.875 [/quote]

For most people, Thinking that you only need a 7 YR ARM at the same rate as a 30 YR fixed, to save a few dollars on closing costs is only something that a foolish person would even consider..