Let's talk about home loans, shall we? So we all know that there's a 30-year conventional and a 15-year conventional loan. So those are loans that are spread out over the course of 30 years or 15 years. What we also know is those rates have been increasing rapidly this year. 

So when this year started, we thought, oh, of course, the 30-year won't go above 4% until, oh, maybe the end of summer or the fourth quarter. But what ended up happening is lots of different things in the economy, which then pushed the 30-year rate up beyond 5% and the 15-year rate beyond 4%. 

So think about this, it's called an ARM loan. It's an adjustable-rate mortgage loan. What an ARM loan allows you to do is get a much lower interest rate. If you're thinking about purchasing a home and not being there forever, this is a really good option.

So if you're going to be there for five, seven, or 10 years, an adjustable-rate mortgage loan may be the perfect product. If you have any questions, reach out to your loan officer or to me, and until next time take care. And we're glad you stopped by.