If I can get a dramatically lower rate off a seven-year arm, they call it adjustable rate mortgage, a seven or 10 year. Yeah. I like that idea. Here's what I don't like though. What happened in '07, '08, right? Is people have these adjustable mortgages for the same reason like that we're having today.

And so they'd get the arm because it was cheaper. And then when the market collapsed, the arm shot up to 28%. So all of a sudden people's mortgages went from a thousand to $5,000. And they lost their homes. That has been changed. There are now limits on what an arm can do.

A lot of people don't realize this. They think, oh, I would never get an adjustable rate mortgage. Cause I don't want '08 to happen again. Well, if you look at the paperwork and talk to your lenders, yeah, most arms have a max what they can get to. And it's somewhere in the, like the 11, 12% range.

So I, yeah, could rates stay high forever. And then your adjustable rate seven years from now goes up to 12%. That is possible. That is a risk. So if you really don't like risk, take a 30 year mortgage. You can refinance a 30 year mortgage too. But if you want to lower your interest rate and take a little gamble, that's what I typically do.

Yeah.