Statistically, you're right - the variable rate is usually better. But that's also assuming that interest rates are completely random (which they're not) - a bit of market timing is wise to do here. And the spread compresses when rates are low, making the fixed more attractive then because the premium is lower.
Variable also makes a lot more sense with shorter timelines (either to sale or to early payoff).
Variable also makes a lot more sense with shorter timelines (either to sale or to early payoff).