With the low interest rates, what should I pick as a maximum on a 5 year fixed mortgage?
Because interest rates on mortgages are low, I can afford a larger mortgage than if rates are higher. But if I take out a 5-year fixed mortgage, I don't want to be stuck with a house I can't afford in 5 years if the rates go up. So, what is the general rule for choosing a maximum mortgage amount?
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