[quote=briansd1]Actually, it depends on the holding period.
When I hear people say “we want move up in 5 years” I wonder why they would take on more costly loans.
I believe there’s is more psychology/animal spirits in people decisions that rationale.[/quote]
Because there is a difference in wanting to move in 5 years and being forced to… or, put another way, getting the fixed rate opens up the option to keep the property longer than originally intended.
