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

I was in your shoes recently and it’s a tough call. I chose a fixed rate because I wanted stability and predictable payments each month. A friend of mine went variable and while they saved early, the recent hikes hit their budget hard. It really depends on your risk comfort and how much wiggle room you have in your finances. Running both scenarios against your budget can make the choice a lot clearer.