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

I don’t think there’s a universally “better” choice—it really depends on your financial situation and how much uncertainty you’re comfortable with. A fixed-rate mortgage offers predictable monthly payments, which many first-time buyers value, while a variable rate can save money if rates fall but also comes with the risk of higher payments if they rise.

One thing I’d consider is whether your budget can comfortably handle payment increases if you choose a variable rate. If not, the stability of a fixed rate may be worth the extra cost.