Am I crazy to be considering an ARM right now? 5.25% vs 6.5% through credit union.
With how nuts things have gotten lately with rates, my lender reached out to let me know my buying power has gone down quite a bit, even with their lower than industry standard rates. He prefaced this with “I’m no financial advisor but…” before recommending we go with the 5.25% ARM over the 6.5% traditional…