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Particular-Earth-453 t1_iyd224v wrote

At that difference and with the uncertainty around rates right now I’d take the fixed. Unless you plan to not be there for more than 7 years.

If you plan to stay longer, you’ll probably want to refinance the ARM at some point. If you take the fixed and rates drop, you can still refinance to a lower fixed rate. So either way, you will probably have a refinance in your future.

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