End of the ARM? Cautious Homeowners Refinance to Fixed Mortgages at Record Percentage

``The housing bust has taught current homeowners that only under very limited circumstances should an ARM be sought and will make sense. If a homeowner knows for certain that they will only be living in the home for a few years prior to the ARM adjusting, then it might be the right decision. '' -- or even more accurately, if they plan on only living in the home a few years, they might want to try renting.