Would a 7 arm mortgage work in thus economy

[Zackery Smith]

My bank said that a 7 arm rate would work very good for me. The rate is 6.8 now and will stay the same for 7 years then it will change every year based on the rates. What is your opinion on this? I already have a house this would be a 2nd home. It's less then 90 miles from my property so they can't use a 2nd house. It's only 65k and the closing cost is over 7k.