This past Saturday on the Radio Real Estate Show I suggested that people look beyond just the rate they would be getting on their variable rate mortgage. It is important to look into details such as what the conversion rate would be if you chose to lock-in, is the rate compounded monthly or semi-annually, etc.
Too often clients just ask what the rate is while neglecting everything else. Ultimately the product you end up with may have some surprises down the road that may cost you more. Always check into the details.