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Orginally posted by intransit

I want to give my own example for which I choose a fixed one last year though I hads the open in the begaining in the year 2002 but closed in 2003 sept as I feared increse in mortgage rates and now in my opinion rates are not going to drop any more and will start going up so it is your decesion to choose

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I got a comptetitive rate for 10 yrs some time back when the market was lower. I went by the assumption that irrespective of what the specialists / experts say, my payout is fixed. Hence, if the rate you get meets your expectations, go for fixed and sleep well at night. Question - r u inclined to keep awake at night thinking of rate movements or do u prefer to sleep well without getting hassled into such computations which in the end will have a minimal impact to the final position? Ultimately, its a gamble that only u must take for yourself. Any comments?