HELP! 3 yr or 5 yr fix mortgage?

[MaryBS]

The APR is about the same for both, our mortgage ends in about 5.5 years. I know all about certainty and whether we want that.

Is the consensus amongst those in the know that interest rates are going to rise much over the next 3 years, in which case we should go for a 5 year fix?

What do you reckon

i think we would ALL love to KNOW

anyone got a crystal ball?

Go for five years because arrangement fees are so much at the moment thatcould well tip balance.

There isn't an arrangement fee on the 5 year, but what Nationwide do is give you the APR including the arrangement fee, so I was able to compare 'fairly'.

We ARE tempted by the security of the 5 year, but whatever happens we are going to be stung very badly because our current rate which is ending is 4.69%