Mortgage loan products during recessions

[Joe Nguyen]

With recession looming (I believe we're in it already - early phase), what are some of your strategies to combat high interest rates when it comes to borrowing from the bank? I'd love to hear directly from mortgage brokers/lenders on this forum as well as the veterans who've been through these economic downturn before. Personally I'm thinking of ARM loans to combat short term rate hikes and refi when possible (within 5 to 7 years). This is a bet for sure and nothing will guarantee rates won't be higher when 5/7 years time is up.

Appreciate all the inputs and hopefully there isn’t already a similar thread.