ARMs fluctuate with the interest rate--not prime, but whatever the going rate is at the time. The period for readjustment varies from loan to loan. In some cases the adjustment takes place annually, in some other cases it takes place every two or three years. You're really betting that the Fed won't raise interest rates if you do one of these. But then for a fixed rate you're actually betting that the Fed won't lower them. There's no sure thing <br><br>
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