[abrookewood]

Funny, cause I think the exact opposite. I've read numerous papers and in Australia at least, you are statistically better off on a variable rate something like 2/3 of the time. You pay a premium for the security of a stable interest rate.

[thfuran]

You can also (probably) save money by never buying any kind of insurance, but insurance is a useful risk mitigation. Someone who got an ARM a few years ago and is hitting the variable rates around now probably sees their interest rate roughly double. They likely aren't much reassured by the fact that historically, most people's mortgages had better timing.

[irrational]

My interest rate is fixed at 2.2%. It seems highly unlikely that interests rates are going to drop below 2% for a significant amount of time.