Is there a new type of ARM that only adjusts down?On the radio today, I heard about a new mortgage option that automatically resets whenever rates decline by at least 0.5%. This ARM does not reset upwards, and will stay at the lowest rate it reaches, even if rates start to go up. What is the name of this ARM, and where can I get it?April 11 2009 - Mountain View00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.