When is a good time for ARM?

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I’m interest in purchase a brand new condo in Provincetown cap cod. All the prefer lenders offer the same 5 Years ARM instead of conventional 30 years fixed rate. Should I do it and hoping in 5 years the rate would go back down to it is now after spiking up for the next few years? Is there a good time ever to except the ARM? Thank you.

@Adam Harper How long you are going to keep this property? What will appreciation on this property after 5 years? Do you think you are ready to cash out within 5 years? Is saving worth taking 5 year arm ( because ARM should have lower interest rate compare to fix)? If you have answer for these questions you will know if ARM is good option for you or not.