- Joined
- Aug 19, 2011
- Messages
- 183
I have a mortgage up for renewal on Dec. 1, it is with TD. It offers 5 year variable at 2.97% (prime-0.88), or fixed 5 years at 3.87. I always take variable over the last 14 years except those promotional 1 or 2 year fixed rate. However, considering the current interest rate environment, I wonder whether I shall lock in the 5 year rate. TD's 10 year fixed rate is 4.37%, not I want to lock in that long period of time, but just by analyzing its offering, it seems like the bank does not think it will go crazy high over the 5-10 years period.
What is your thought?
What is your thought?