Start out with the pragmatic question: If rates went to 15% would you still be able to afford the payments? If not there is no debate--go fixed and eliminate the risk of that happening.I_DRIP wrote:HMy thinking is, rates can only go so much lower, and I feel that their is significant risk of interest rates jumping significantly upwards.
If you COULD afford the payment then it comes down to gambling on the future and I wouldn't want to hazard a guess as to which way they'll go. It does seem they can't go much lower, but who knows what would happen in a deflationary environment.