I’m right now in negotiations with 3 different banks for a mortgage extension next year. And the best offers I got so far were:
5 year fixed for 0.67%
10 year fixed for 0.88%
SARON (formerly known as LIBOR) at 0.55%
Technically it seems to be a no brainer to go for the SARON for the next 3 years but are there any hidden fees or risks besides the potential raise of the rates to consider?