Took the 7-year ARM at 5.75% over the fixed at 6.5%, now I'm second guessing myself

Jessica Ross · 2026-10-03T17:45:05.922929+00:00

My wife and I closed on a house in Sacramento back in March and our lender pushed us to pick between a 30-year fixed at 6.5% or a 7-year ARM starting at 5.75%. We went with the ARM since it saves us about $310 a month right now, but a buddy in the mortgage biz says we're nuts to bet on rates dropping by year 7. Anyone here actually ridden out an ARM to the adjustment date, or did most of you refi before it ever reset?

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Took the 7-year ARM at 5.75% over the fixed at 6.5%, now I'm second guessing myself | Complex Loans - SMM Buzz