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Discussion Starter · #1 ·
In the past I've read that, on average, variable rate mortgages end up being more attractive than fixed rate mortgages. This prompted me to switch my fixed mortgage to a variable one. This was before the financial crisis.

Looking back, I made the right decision at the time. My mortgage rate kept sliding and today it is at 1.5%. My secured line of credit is at 2.25%.

Now I have to make another decision. I'm going to run up my line of credit to $80K for home renovations. I'll then get a mortgage to pay it off.

Now the impossible question. Assuming that rates are at an all-time low today, should I negotiate a fixed mortgage, or another variable one? What would you do?
 
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