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WI | Looking for input and perspective:
Pencilling on a land purchase and can lock in a 30 year fixed loan at 6.85% or do a 5 year fixed & variable thereafter for 5.85% for the first 5 years on a 30 year total term. Either one can be refinanced after 1 year.
The risk manager says lock in the 6.85% and it can only ever go lower, at our decision. Cash manager says take the 5.85% now and hope the opportunity to move it even lower occurs in the next 5 years. But that opportunity is not guaranteed to happen.
Thoughts?
Thanks
Edited by GrainGrower37 1/11/2026 20:11
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Land purchase interest rates
