The best time to get an ARM is when the market rates of interest are high and expected to go down in the near future.

Question

Quizplus · Accepted Answer

This is because an ARM typically starts with a lower interest rate than a fixed-rate mortgage, but then adjusts periodically based on market rates. So, if market rates are high when you get an ARM, your initial interest rate will be lower, and you can benefit from the expected decrease in rates. However, it's important to consider the potential risks of an ARM, such as the possibility of your payments increasing if market rates rise in the future.

The Best Time to Get an ARM Is When the Market