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What will interest rates be come December?
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ARM sounds like a better long term plan. Get a lower rate now and refinance again during/after the upcoming recession
If inflation is here for at least another 12-36 months, above the feds 2% target, is it likely that they will reduce rates to combat the recession? They can only really fight one battle at a time..
They will not reduce rates if above 2%. If they do, then you can actually say the the Fed is legally insane by definition because of their clear messaging. Lol
If you take an ARM, rates could keep rising for a while. Can you afford the payment if it hits the cap?