请教高人有关mortgage special offer

[guaiguai]

scotiabank
This time-limited offer allows you to save now with a competitive low fixed rate mortgage and continue to save later.
The Save Now, Save Later® Mortgage offers you a 1-year fixed rate, closed term mortgage at 1.65% off the one year posted rate with an additional guarantee of 1.25% off the 5 year posted rate if you renew to a 5-year fixed rate, closed-term mortgage.1
Hurry, this offer expires November 30th, 2007.

Fixed Rate Mortgages



1 Year

7.200%​

2 Years

7.350%​

3 Years

7.350%​

4 Years

7.350%​

5 Years

7.390%​

7 Years

7.650%​

Is this a good rate and what is the risk if you choose this one?

Thanks

 

[Timothy's]

current rate from ingdirect.ca
Current Interest Rate


5 Year Variable 5.65% 1 Year Fixed 5.60% 2 Year Fixed 5.65% 3 Year Fixed 5.70% 4 Year Fixed 5.95% 5 Year Fixed 5.99% 7 Year Fixed 6.05% 10 Year Fixed 6.15%