Variable Rates
A variable rate is a type of interest rate that can change over time based on market interest rates. This means that your monthly payment on a variable-rate mortgage may go up or down during the loan, depending on what’s happening with interest rates.
5.80%
Variable
Fixed Rates
A fixed rate is a type of interest rate that stays the same for the entire term of your mortgage loan. This means that your monthly payment on a fixed-rate mortgage will stay the same, no matter what happens with market interest rates.
