Q: What is your outlook on interest rates over the next 1, 3, and 5 years? If you were given the below set of rates for a mortgage, what would you pick and why?
1 year fixed 5.99%
2 year fixed 5.39%
3 year fixed 4.89%
4 year fixed 4.89%
5 year fixed 4.59%
5 year variable 5.50% (based on prime at 6.70%)
1 year fixed 5.99%
2 year fixed 5.39%
3 year fixed 4.89%
4 year fixed 4.89%
5 year fixed 4.59%
5 year variable 5.50% (based on prime at 6.70%)