it depends on which index your arm is linked to
You need to check which index your current arm is linked to. There should also be a cap (the max rate).
I don't know what is going to happen in 5-6 years. But this year and next year, it is very less likely that Fed will raise interest rate.
I don't know what is going to happen in 5-6 years. But this year and next year, it is very less likely that Fed will raise interest rate.