The obvious answer though, is that the banks aren't expecting rates to rise

Given the 5 year rate is only marginally higher than the 2 year rate.

Posted By: SimonOTBC, Dec 7, 16:38:19

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Yep, our current lender offered me identical rates over both 3 & 5 years too so took that
Posted By: WestYorksCanary, Dec 7, 16:42:34
4
Yep. Personally I’d ask myself “would I be happy with the higher rate if the other wasnt
Posted By: Augustus Pablo, Dec 7, 16:42:07

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