It's finally time for me to pick a better mortgage. Considering BoC won't move prime until next June at the earliest, I'm leaning towards the 5 year fixed to play it safe for the remaining 4.5 years. What would you guys choose?
1. 5 year fixed
- 4%
2. 3 year fixed
- 3.15%
3. 5 yr Open variable
- prime + 0.60
4. 5yr Close variable
- prime + 0.30