It also depends on the difference between the 2 year rate vs the 5 year rate. I'd imagine there is a pretty wide spread between the two options, so while 2 years is better for flexibility, you could be paying way more for that flexibility.
Personally, I like the longer term mortgages where I know my payment for years to come. I value the avoidance of stress and anxiety as rates move up and down, which doesn't really have a finance value but a value nonetheless.
__________________
Much like a sports ticker, you may feel obligated to read this
|