Just an fyi of some new products that have hit the market recently - The company I work for and a competitor have both rolled out ER fixed rate products available for singles with terms of 1,3 and 5 years.
The availability (at least for us) isn't real widespread in our particular region and I don't know about the west but our competitor's comparable has been pretty popular thus far.
I don't know how good of a deal these are compared to what you all pay now + your yr over yr rate changes but it may be worth looking into or shopping around. Should be pretty easy to determine with a little math.
Even if it is similar in what you would pay based on your estimates, I think the fixed rate would add some level of comfort in the budget knowing what you would be paying for 'x' number of years.
The availability (at least for us) isn't real widespread in our particular region and I don't know about the west but our competitor's comparable has been pretty popular thus far.
I don't know how good of a deal these are compared to what you all pay now + your yr over yr rate changes but it may be worth looking into or shopping around. Should be pretty easy to determine with a little math.
Even if it is similar in what you would pay based on your estimates, I think the fixed rate would add some level of comfort in the budget knowing what you would be paying for 'x' number of years.