Re: The All New Megathread
I'm not a financial consultant, but the fact that the lender is offering a 10-year fix means they're reasonably confident that rates will stay around the current level and won't go much higher (if they did, the lender would make a lot less than they otherwise could).
That doesn't rule out the 10-year fix though, it's worth asking if you can move out of the 10-year fix early (e.g. after 3 years) to another mortgage if rates change significantly (most providers allow you to do this if you take a new mortgage with them).
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