According to Bryan Guerten from Mortgage Intelligence, "the fixed rates are at an all time low -- in the spring of 2008 the low point was 3.79% for a 5 year fixed rate until the bond markets pushed that rate to 4.60%.The cost of bonds tumled this summer to where we now have 3.59% to offer on a 5 year term. " Bryan says that he has always believed in the variable rate, but with bank prime having gone up .75% in the last 3 months, it is hard not to consider that great fixed rate.
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