[Ray Zee]

rates are on an upward trend and should continue to do so. but way out know one knows. if your financial position expects to be much better in 5 years gamble on the rates and save now. but if you are stuck in a fixed income for the future lock in now.
also you may save enough to pay it way down in those five years i hope. as its always a better feeling owning your own home outright.
i like shorter term financing as you save now and now is the best time to save. as long as you dont just blow that savings on consumer goods then go far out in years. good luck as owning a home is the start to becoming wealthy.