Reply To: Is a fixed or variable mortgage rate better in today’s market?

I think the “right” choice depends less on where rates might go and more on how much uncertainty you’re comfortable living with. A fixed-rate mortgage gives you predictable payments, which can be valuable if you’re buying your first home and want stability. A variable rate may save money if rates decline, but you need enough financial flexibility to handle higher payments if they move the other way.

I’d also avoid making the decision based solely on forecasts—no one can consistently predict where interest rates will be a year or two from now. Instead, choose the option that still fits your budget under less favorable conditions. If your finances work even in that scenario, you’re much more likely to sleep well regardless of what the market does.