Should i go variable or fixed rate?

Finally, the big banks have come up with a great strategy to get you to lock in to a fixed 5year term!!! They hope!
Did you notice they are now offering the variable 5year at a discount of only 20basis points now? instead of 80 ? !! Just so the difference between the fixed and variable could be minimized, thus justifying the likelihood that you would opt for the 5year fixed?! 2.80 variable vs 3.19 fixed: that is the real choice now !!

Folks: this is still 39 basis points spread! You decide!

my recommendation? Go Variable !!!!!Don't let the banks get that extra .39% !!!
(They made too many billions last fiscal year!!)
and let us see what their new strategy will be after they see that the spring morgage market is not as big a bonanza as they expect!