Choosing between the comfort of a fixed-rate mortgage and the savings and interest rate risk that a variable mortgage can bring.

The variable vs. fixed debate goes on…

Variable rate mortgages offer good value at prime – .75% or more.  The prime rate will go up over time but there will definitely be good savings for several more months at least.  Variable rates can also be locked in any time at the then current rate for the term chosen. 

However, if worrying about your mortgage rate going up will keep you awake at night a variable rate is probably not for you.  Fixed rates are at record lows and may in fact be better value over a 5 year period.