Wednesday, September 17, 2025

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

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    • #914
      Ashley Faye
      Participant

      I’m a first-time buyer and torn between choosing a fixed or variable mortgage rate. With rates shifting so much lately, it’s hard to tell what’s actually safer long-term. One lender says lock in now, another suggests going variable to save, if I can handle the risk. I’d love to hear what others chose recently and how it’s worked out for you. Real experiences would help way more than generic advice right now.

    • #1011
      Adrian Scott
      Participant

      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.

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