I got a letter today that my annually adjusting ARM would be adjusting in June from 4% to 3.125%!   Yeah baby!   This is why it’s so hard to pay off this mortgage, the rate keeps vacillating between 3% to 4.5% over the past few years.    Even if this ARM ballooned to 6% or 7% the mortgage payment would still be very manageable so why pay it off?

Unfortunately, while I would normally take the extra cash and invest it in the market, I can’t do that because this market is way overheated and long overdue for a big dip down.    So I can’t pay off my mortgage and I can’t invest in the market so the cash mounts and earns a paltry rate.   What a world!