If any of your clients have short term horizons (if they intend to sell their home within 5 years), the 5/1 Conforming ARMs remain very competitive. Met Life currently has a 5/1 ARM at only 4.25% at a cost of One Point. This is almost a full percent lower than a 30 Year Fixed Rate Loan right now. Because we expect inflation to rear and interest rates to spike eventually, we do not recommend this loan for anyone who thinks they might keep their home longer than five years.
Founder/Broker | JVM Lending
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