I've had a few people ask me about a 10 year fixed mortgage lately. If anyone's curious, the best 10 year rate I have right now is at 4.34%.
While not for everyone, if you're comfortable with your payment at that rate, it's not necessarily a bad option. The ultimate safe play! Keep in mind that utilizing prepayment privileges can reduce your effective annual interest rate as well.
Current 5 year rates at 2.97% for fixed and 2.40% for variable (prime - 0.60%). I can actually do better on both of those, but they come with some restrictions. *Ask for details*
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