Quote:
Originally Posted by Rathji
I would always be fixed, since you can always lower your rate to the current rate.
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That's not true, they have been at 0.08 for a long time for the fixed rate, but it's never been that high on a floating rate, so you'd have been losing money for years, as compared to fixed.
I am fixed now, but will go back to floating the second the floating rates are better
80-90% of the time you are better to be floating, so the 1 month in 3 years that you were better to be fixed sure the eff doesn't pay for years of fixed rate pwnage.