14 July 2011
That’s why it’s a good idea to keep an eye on the yields tendencies. Discounted 5-year fixed rates may stay so low until the 5-year yield exceeds the level of 2.35% (+/- 0.05%). At least the last time 5-year rates rose, it was exactly at such a moment.
Of course, these are only expectations, so it’s always necessary to discuss them with a professional mortgage broker before making any serious decision.