Fixed or adj rates?

Guys I am planning to take a mortgage to buy a house. which rates do you reccommend? fixed or adj?


rohufish Wrote: ------------------------------------------------------- > horizon? from 15 to 30 years… interest only

let me try again… horizon? (not maturity, my friend)

rohufish, it is a close buddy of mine who is taking the mortgage. What I know is that the house cost $410K, he want to put 10% initial down payment and he is more looking to pay interest only for the first years. He is not sure about taking a fixed or adj rate considering that the US market condition. That is all I know…