The irony is that because of the persistent low interest rates in the last decade it is more and more common to take out a 5/1 in the US because people think th

The irony is that because of the persistent low interest rates in the last decade it is more and more common to take out a 5/1 in the US because people think the slightly higher interest rate of a 15 or 30 year fixed is throwing away money. In fact, I know nobody except myself that got a fixed rate mortgage in the last few years. I certainly sleep better knowing that I don’t have to refinance in the next 2 years…