Fixed Rate vs Adjustable Rate?

[Jerry Poon]

The fixed rates I've been encountering have been a little higher than the adjustable rates. I know this question is a little vague, but how do I approach comparing the two? At this point, it seems like a gamble to try to predict where the adjustable rate would go. Thoughts?

[Andrew Syrios]

Originally posted by @Jerry Poon:

The fixed rates I've been encountering have been a little higher than the adjustable rates. I know this question is a little vague, but how do I approach comparing the two? At this point, it seems like a gamble to try to predict where the adjustable rate would go. Thoughts?

With interest rates as low as they are I would lean toward fixed rates. There's just nowhere for them to go but up IMO.