ARM Financing with the Fed in mind

[Vish Rav]

BP - 

The word on the street is the Fed is Dovish on interest rates. Thoughts on ARM financing (7/1 ARM) for the short term, and then possibly refinance to a fixed rate (once the fed cuts rates) in near future and lock in that low interest rates?

Is this all too much work for not much benefit/value?

Thanks in advance.

V