It depends on how long you plan to be in the house. If you are fairly certain you will be moving and selling a property in say 5 to 7 years then an adjustable rate mortgage could save you money. You really need to look at the math and see how much you would be saving against the risk of you not moving and rates being considerably higher at that time.
It's one of those situations only you can access. I will tell you that currently I am originating a very small percentage of adjustable rate mortgages as compared to fixed rate mortgages these days. I'm sure as rates creep up over the next year or two that will change somewhat.
Hope this helps.
Don Groff | REALTORÂ® & Mortgage Broker
Austin Real Estate Pros & 360 Lending Group
o 512.669.5599 | m 512.633.4157 | email@example.com
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