ARM vs Fixed Mortgage: Which Makes More Sense When Rates Are Falling?

A 5/1 ARM runs 0.5–0.75% below a 30-year fixed rate right now—enough to save thousands if you sell or refi within 5–7 years. Here's how to choose.

A 5/1 ARM runs 0.5–0.75% below a 30-year fixed rate right now—enough to save thousands if you sell or refi within 5–7 years. Here's how to choose.