Are more propeller blades better? Jeremy Kinney, a curator at the National Air and Space Museum, shares his thoughts. A sailor hoses down the propeller on a P-3 Orion during an aircraft wash on the flight line at Naval Air Station Whidbey Island, Washington.
There's the silly, the foolish and the completely harebrained. And then there's the adjustable rate mortgage -- ARM for short. Like unprotected sex or one more drink, it always seems like a good idea at the time. In an environment of only low and lower rates, an ARM has looked like a good idea for many years now.
Adjustable rate mortgage (ARM) and fixed rate home loans with shorter terms offer lower rates than the ever-popular 30-year fixed loan. If you can budget the higher monthly payment of the 15-year fixed or 10-year fixed loan, or if you're comfortable with the possibility of your rate changing with the ARM, these options could help you get a better refinance rate for your home loan and pay much less interest over time.