Answers

If interest rates are going to increase over the next five years, would you want:

A) to keep a fixed rate over the next five years, or

B) to borrow money at the prevailing (and rising) rates every year or so for the next five years.

It's really a fixed rate vs. variable rate question. Generally, when interest rates are falling, you want variable in order to be able to take advantage of the declining rates. When interest rates are rising, you want fixed, in order to avoid refinancing at higher rates.

OK..thanks so much for answering why not A. I got it now.