Some people are still convinced the only way to fly is with a fixed rate.
The security is nice, but it could be costing you money. With the 30 year bond at its highest level in about two and a half years, fixed rates do not look all that attractive at the present time. With the prospect of further Fed increases to short term interest rates over the course of this year, the outlook is not at all rosy for another low fixed rate refinancing boom. Yes, a low 30 or 15 year fixed rate is the best of all possible worlds. If it s available, one might as well take it.