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.

There is no one right answer to this venerable question Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and ...

Switching your mortgage from a variable to a fixed interest rate can help make your mortgage more affordable if rates are rising. Many or all of the products on this page are from partners who ...