We purchased in Texas around Oct of 2022, at the peak due to a relocation. I was able to obtain a 7/1 ARM on a Jumbo loan with a 4.125% rate. I have until 2029 so not panicking yet, but when do I think about locking in a 30 year fixed in the future?
I would think rates should trend down during 2025 but not sure we will ever get back to the low 4's.
Thoughts on timing to limit risk exposure?
I would think rates should trend down during 2025 but not sure we will ever get back to the low 4's.
Thoughts on timing to limit risk exposure?