A variable-rate mortgage has an interest rate that is not fixed for the full mortgage term. It can either have an annual rate update or an initial fixed rate before switching to a variable rate.

Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions ...

Betsy began her career in international finance and it has since grown into a comprehensive approach to journalism as she's been able to tap into that experience along with her time spent in academia ...

Home buyers got a dose of good news last week after Freddie Mac reported another drop in mortgage rates. That happened despite the prospect of further interest rate hikes by the Federal Reserve, ...

For a while, it looked like mortgage rates in Canada were finally settling into a more affordable pattern. Fixed rates had been drifting downward, and variable rates were looking more attractive — ...

With the Bank of England potentially set to announce more interest rate cuts in 2026, homeowners may wonder if it’s best to ...

Ratehub.ca mortgage expert Penelope Graham offers five predictions on what may happen to mortgages in the coming year. (Credit: File) Mortgage interest rates have largely trended downward in 2025, but ...

True to its name, a 30-year fixed-rate mortgage spreads out repayment over 30 years, with an interest rate that remains the same for the life of the loan. It's "a uniquely American construct," said ...

The Bank of Canada may be holding interest rates for the foreseeable future, but last week’s bond market volatility has shaken up fixed mortgage rates as 2025 comes to a close. The Canada five-year ...

Whether you’re applying for a government-backed loan or a conventional mortgage, you’ll likely have the choice between a fixed or variable interest rate. Although a fixed rate is typically safer since ...