A loan officer says you should get a fixed-rate mortgage, not an ARM - Business Insider

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A 5/1 adjustable rate used to start lower than a 30-year fixed rate. But that's not the case right now.

keep your rate the same for the first few years, then adjust it periodically.

Fixed rates have been the better option when you're buying your forever home, because fixed-rate mortgages are the more stable type of loan. Regardless of whether rates go up or down, you know you'll pay the same rate for the entire term. , so there's a decent chance your ARM rate will go up when your introductory period ends. Then you might refinance into a different mortgage with a lower rate, and your original lender risks losing your business after only a few years.

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