Quote:
Originally Posted by stacey
Just leave it at "I can't predict rates"
Mr. "everytime"
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You don't need to predict rates.
You need to understand the spread in interest rates and flexibility in fixed vs. variable mortgages.
Sorry you can't understand simple economics, luckily you have personal insults mastered at a remedial level.
I might be tempted to jump on a 5 year or less fixed right now if I was up for renewal as the spread between variable and fixed is quite narrow right now. But really, its just taking an 11% gamble and throwing in some educated guessing and hoping for the best.
Stacey, if you know interest rates are going to be above 3.9% in the coming future there are many investment strategies that will make you a millionaire. I'm guessing you don't know when rates are going to go up or down yourself, and haven't already made millions with your superior mortgage knowledge.