if you did a loan 2 year earlier on 7/1 ARM, interest only, rate could be 5.1% or lower, still you would have
5 years to enjoy its benefit, just compare with corrent higher interest rate. thinking about a picture: 2 years later, US housing market will become the worst, badly impact economy, turn it down sooner, so it needs a hand to be survived by FED decreasing interest rate, as result the housing market will woke up, hotter , then your chance coming, do you know what I am saying?