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Updated about 8 years ago,
30 vs 10 year fixed at current mortgage rates
I'm looking at buying a property to live in and eventually rent. My lender is suggesting a 10 year fixed vs a 30 year right now due to rates. My strategy is to keep the home long term so to me a 10 year doesn't seem logical as the rates are unlikely to go below the current rate in the next 10 years. Any insight as to why a 10 year might make sense as my lender suggests?