Quote:
Originally Posted by Gravitykillr
I can't speak for most other F.I's but I know with ATB Financial they offer a 10 year rate which is split into 2-5 year terms, so after 5 years you get a renewal notice indicating you can keep your current rate or switch to something different, so the payout is calculated on the basis of a 5 year term.
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i just looked it up on their website. 10 yr fixed rate of 5.7% seems very attractive.
what do you guys think interest rates will look like in 5 to 10 years?