It’s on a proposed mortgage - and it will be fixed.
RE: It’s on a proposed mortgage - and it will be fixed.
OK, here’s my two cents worth... if you can fix it, FIX IT. At least rates are still low now and your payment schedule wil be predictable.
The Feds are going to rein in Quantitative Easing and they’ve already said they will, albeit slowly and deliberately. This means interest rates will go up sometime next year, which means that if you have a floating rate, your payments will go up.
That’s the way I see it.