How Do You Choose Between a Fixed and a Variable Rate Based on Your Financial Profile?

In today’s market, interest rates are constantly in the news. Should you choose a fixed or variable rate? There is no universal answer. The right choice depends on your financial profile and risk tolerance.

Why rates cannot be predicted

Rates depend on inflation, central bank decisions and global conditions. Even experts cannot predict them with certainty.

Relying only on forecasts is risky.

Understanding the difference

A fixed rate offers stability. A variable rate fluctuates with the market.

Fixed rate

Best for stability and predictability.

Helps reduce stress.

Variable rate

For those comfortable with risk. Can be advantageous but more volatile.

The real factor: your profile

income stability
stress tolerance
future plans
time horizon

This is a personal decision.

Common mistakes

Following media or others. Choosing only the lowest rate.

The right question

Which option keeps you comfortable if conditions change? Need guidance?

Talk to us to find the right strategy. The best rate is the one that lets you sleep well.

TERMS	BANKS	MORTGAGE PLANNERS
1 Year Fixed	6.89%	4.84%
2 Years Fixed	6.34%	4.24%
3 Years Fixed	6.19%	4.04%
3 year closed Variable	5.95%	4.45%
4 Years Fixed	6.24%	4.09%
5 Years Fixed	6.29%	4.09%
5 years Variable	5.40%	3.55%
Refinance Fixed or variable	7.65%	3.80%
7 Years Fixed	6.69%	4.44%
10 Years Fixed	7.14%	5.04%
HELOC	5.45%	4.95%

TERMS

BANKS

MORTGAGE PLANNERS

1 Year Fixed

6.89%

4.84%

2 Years Fixed

6.34%

4.24%

3 Years Fixed

6.19%

4.04%