I found some interesting stats in an ABCNews.com article I was reading about the Fed not raising the interest rates much more. Thought I'd pass it along! http://abcnews.go.com/Business/story?id=1862426&page=1 I am sooooo glad we got a 4.75% rate on a 30 year fixed last fall! I can't imagine people with 1, 3, or 5 year arms are going to do when lock period ends and their rates jump! I think there are going to be a lot of forclosures and/or people trying to sell their homes before the bank takes it in the next few years!