For how long? I am personally leaning toward a 7 year ballon at 5% on the home I am buying. I've never lived in the same house more than 5 years.
Just depends on how long you will be there or how fast you want to pay it off? 5 year balloon is around 4.75.
A 30 year fixed around 6.125 to 6.25. Rates are volitile right now, they are dying to raise them and any positive economic news is translating to mortgages pretty quick.
There some people saying this is temporary, but who knows