Choosing Between Fixed and Variable Interest Rates on Mortgages
June 1, 2026
There is a dilemma for customers regarding the choice between fixed or variable interest rates on mortgages. Fixed rates remain popular due to uncertainties in the economy. If a loan has a fixed interest rate, the payments will stay the same regardless of future interest rate hikes. However, if interest rates decrease in the future, it could end up being more expensive than choosing a variable rate. Recent trends indicate an increased preference for fixed rates in the market.