Last spring, my family and I made the commitment to purchase a home. Our new mortgage is a Adjustable Rate Mortgage that is scheduled to adjust in about five years. In my first post about this topic, many readers questioned the wisdom of getting a 5/1 ARM. The point that the readers made was solid: interest rates are at the lowest in years and likely the lowest that they will ever be, therefore, it follows that we should have locked in a 15 or 30 year rate. I understand the wisdom of that line of reasoning, yet we still chose to go with the 5/1 ARM.