Fixed vs Variable Interest Rates: Which Should You Choose?
By Allen Krewzz
What Each Type Actually Means
How Each Type Is Priced
Fixed vs Variable at a Glance
When Fixed Makes Sense
When Variable Makes Sense
Many mortgages use a hybrid structure — for example, a rate that stays fixed for the first several years before converting to variable. Always check whether a "fixed" quote is fixed for the full term or only for an introductory period.