That’s the mortgage company expecting interest rates to go down within 2 years, so if you can handle the higher rate for that long, and you’re not in a dire situation, then I’d take the two years. It’s likely to go down a bit (but not to previously low levels) quite soon, as far as the markets are concerned.
That’s the mortgage company expecting interest rates to go down within 2 years, so if you can handle the higher rate for that long, and you’re not in a dire situation, then I’d take the two years. It’s likely to go down a bit (but not to previously low levels) quite soon, as far as the markets are concerned.
Hard to say though!