Should I Get an Adjustable Rate Mortgage in 2024?

Is it a good idea to get an Adjustable Rate Mortgage in 2024? With high interest rates - and with rates expected to come down - lots of people are thinking they will get a good deal with an Adjustable Rate Mortgage and save money, just to refinance later once rates come down. This video explains why that approach isn't working like a lot of people think it would.
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[@Elizabeth-cm5es]

Very well explained

[@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)

[@guersylindor1583]

This is so informative! Thank you for sharing

[@MortgageMasteryTheater]

Thanks!

[@carmencita973]

Great information. Makes so much sense!!

[@MortgageMasteryTheater]

Thank you Carmen!

[@jmtefan]

Great job!

[@MortgageMasteryTheater]

Thanks!

[@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.