<prompt> Human: I see a lot of people recommanding to go the 51015 years fixed rate loans. Now I understand that interest rates are low right now and that they might rise... However, most of those long term fixed rate are well over twice the if not thrice the interest rate of my current variable rate. Say Im at 2.5 now and I can secure a 6 15-year loan. Assuming interest rates will rise linearly over 15 years, Im essentially betting that interest rates for a variable rate 1 year will be around 10 in 15 years. Now with the recent housing crisis, somehow I really dont see this happening at all.If you add to that that historically, long-term fixed rate has almost never been worth it, and that I am more than willing to accept a little risk, why would I ever do that ? Am I missing something ?Edit: Interests rates would need to raise way more than that if you go the Pay the same amount monthly as if I had taken a fixed rate loan route.  <response>: Wouldnt 6 on a 15 year mortgage be unusually high right now? 