u/babucool

My primary residence (uninsured mortgage) is up for renewal on September 8, 2026. My current 5-year fixed rate is 1.74%, which is obviously ending.
My current lender, Tangerine, has offered me the following renewal options:
2-year fixed: 3.57% (blended rate)
3-year fixed: 3.77%
Variable: Prime - 0.90%
I’m trying to decide which option makes the most sense given the current interest rate outlook. I’m leaning more towards fixed.