So what do folks think might be the best plan for a mortgage renewal next year? My variable rate is up December 2023 and just out curiousity I submitted a request to my lender for a conversion agreement and they provided me with an opportunity to lock in at 5.09% until Jan 2028. I wish I had a crystal ball but it seems like 5.09% might be decent for the next 2 or 3 years and that rates could go down after that. It looks like posted rates are mid to high 5% or low 6% right now so I'm somewhat tempted at 5.09%.
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