Battra92

There are exceptions to that but none in this economy. My father-in-law had a 15 year ARM on his first house and it kept adjusting downward. Of course, that was the early 80s when the Stagflation of the Johnson/Nixon/Ford/Carter years finally came to a crash and 18% 30yr mortgages were common. My wife and I got a 3.125% interest rate on a 15yr. We could've opted for a 30 at 4% but why bother?

But the money would be in your account for what? A few hours? (Generally speaking) is it worth splitting it between multiple accounts?

I'm confused as to what you are asking.