Quote:
Originally Posted by Rerun
Why do you think that? Do you think it would be a big mistake to wait a year before locking into a 5 yr fixed rate?
Currently the five year rate is approx. 0.69 to 0.99% higher than the best 1 year fixed rate.
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Hypothetically, what could happen is, 12 months from now, prime is still where it is now, but the 5 year rate has gone up to 4.8% or something like that.