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The Risk Analysis Isn't a Prediction
If we're wrong, and if you were to get the 4.2% for four years, well, the truth is you got it and you can still afford your mortgage, I hope. What's far worse is you not being able to afford a mortgage because it goes up to 6% or 7% in a couple of years time. It's a risk analysis as opposed to a prediction. And again, for those listening, I do not know what's going to happen. You should be more biased towards fixing and fixing longer than more important security is for you. Talk to a good mortgage broker about it.