In this current environment of rapidly rising interest rates, it might be time to take a look at an Adjustable Rate Mortgage (ARM). Now an ARM isn't for everyone, but if the rate you wanted is no longer available, ask your mortgage professional about an ARM loan. I read an article this morning that said the average American homeowner moves every 5 to 7 years. So if you look at a 5/1 or 7/1 ARM, that might be a fixed rate loan for as long as you own the home. So if your lender is telling your that your 3.875% rate is now 5.0%, then ask about an ARM and decide if it is right for you.