How can you think that LIBOR wont move much in the next 7 years ?!?!?
Simple, so long as the Fed is flooding the market with free money LIBOR will not move. Its been that way for almost 10 years now. The housing market has still not flushed all the toxic pre-crash loans out. Therefore the Fed must artificially prop up the banks with free money.
I've had a 2/28 LIBOR based lpan for 10 years. Hasnt moved a drop.