Hi Jamie, you are absolutely correct.  Fixed rates are absolute historic lows.  If you plan to be in the home for a short amount of time an adjustable loan may be the best option.  However, if you’re looking for security and plan to be in your home long-term, go with a fixed rate mortgage.

Yes you are right, at the moment Fixed Rates are going down.  It’s very difficult for experts to accurately predict where rates will go; however right now we are seeing historic lows.  By keeping an eye on the current market rates you can be ready to pounce once you see the rates where you benefit most.