I am trying to decide if I should lock into a 12 month fixed rate or a 24 month fixed rate. Any thoughts?
What is the price difference?
Normally with little difference, I would take 24.
But these are not normal times.
Will the mid terms affect energy prices?
That’s a tough call. Recently, believe it or not, crude oil and natural gas prices have been collapsing. So if this trend continues, nat gas might be low in the future… Or not! It’s devilishly hard to know. The pros don’t know.
If we get a recession in a year, prices will be lower.
If I was making that decision, I’d go with 12 months.
Thanks our response. My thinking was to go with 12 months also but just wanted to see what others thought.
Pro: Sound good to maintain a low rate for 2 years.
Con: After 2 years there is a good chance you will forget about the renewal date like I did and be assigned the variable rate without notification. My case .47/TH went to 1.90/TH for 9 months before I caught it. After customer no service, I change providers which left a bill of $1,695 after winter bill averaging. Paying your bill each month on time, in full, is not good enough. You must read each bill from front to back and I suggest having a friend do the same. They claim they notify you of changes but they really only post the important stuff on pages 3 and 4.