They keep the same rate for 3-5 years. Then you refinance, so they can't do anyt...

bluGill on Jan 28, 2023 | parent | context | favorite | on: Best and worst decisions I’ve made

They keep the same rate for 3-5 years. Then you refinance, so they can't do anything. If rates are going up, they can't go up as fast as rates, though in general you should always refinance just before the adjustment.