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Scanning the boards for opinions on ARMs and came across this thread.

My question is simple: I'm thinking about moving from a 30 fixed to a 5/1 ARM, but I have this nagging suspicion that now is the worst time to move into an ARM as rates are only going up from here and when I emerge from the fixed period I'll be in for a big shock. I know rates aren't the deciding factor in an ARM, but they are one of the factors.

Could now theoretically be the worst time for an ARM? Am I missing something with this logic?

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