Well, thats exactly what i pointed out. Inflation is happening now and it will last for a while. So the rates will go up for some time to come. Would you pay a higher interest rate and pay more mortgage in the future or will you fix the mortgage rate now for a 5 year term, (after which it is reviewable)? I AM NOT A MORTGAGE BROKER, so I have no loyalty to banks. But I do believe that this subprime mortgage crisis is just noise. focus on the signal. The signal is that it's not as bad as it seems, once the dust settles, everything will look clear. Foreclosures are for suckers who cant pay back. Nepalis don't realy fall into that category. We work hard and make sure debt is not an issue. So head down to your mortgage advisor and fix that rate for the next 5 years. If in 5 years, rates are still up, well, tney'll be up for everyone, not just you. If they're down by then, well, you can simply add another 5 year term with a lowr rate. thats why you should buy NOW and not WAIT. The longer you wait to anticipate better terms, the more you'll suffer. Nariwal phutaunus Bob Marley ji, ghar ko angan ma. Ghar bhaepachi man ko shanti huncha. nothing's more important than that.