Should I Get an Adjustable Rate Mortgage in 2024?

[@brandonpannabecker6888]

Good video. Content was thought out in advance. Thank you for having your illustrations prepared ahead of time.

[@MortgageMasteryTheater]

Thank you!

[@chinakowalski]

Nice presentation- great job explaining interest rate risk from the perspective of the lender and borrower and highlighting the a lender’s challenge of matching the timelines of assets and liabilities.

[@MortgageMasteryTheater]

Thank you!

[@srirampoduri8121]

Good presentation
I understand no one's getting many good deals for ARMs. But if someone were getting a deal on a 3/1 ARM (0.75% less rate compared to 30 year fixed) it is a good option in current environment considering the general expectation that rates come down (based on yield curve you showed)

[@kev-in-space]

explained so well, ty!!

[@MortgageMasteryTheater]

Thanks so much!

[@guersylindor1583]

This is so informative! Thank you for sharing

[@MortgageMasteryTheater]

Thanks!

[@carmencita973]

Great information. Makes so much sense!!

[@MortgageMasteryTheater]

Thank you Carmen!

[@Elizabeth-cm5es]

Very well explained

[@MortgageMasteryTheater]

Thank you!

[@jmtefan]

Great job!

[@MortgageMasteryTheater]

Thanks!

[@speedyrunner101]

If im looking to see in 5 years, should i go with a 5/5 ARM?

[@MortgageMasteryTheater]

I am assuming you meant "sell" iin five years. Depends on how much you are being "paid" to transfer the risk from the lender to yourself. If the 30 fixed rate was 6 and the 5/5 rate was 5.875% (let's assume same costs), I probably wouldn't accept the additional risks (that I might need to be in the loan longer than five years and rates go up).

[@ballistics1]

You should pay cash if you have to finance anything it means you can't afford it

[@MortgageMasteryTheater]

Thank you. Give Mr. Ramsey my regards next time you see him.