If interest rates are predicted how much it will cost 5 years, a 5-year fixed mortgages and will use the forecasted earnings they receive from will be locked into the high or low they should set their rate.
A variable rate fluctuates with our prime rate. This means that your monthly mortgage payments could go up or down, depending on where interest rates are. For mortgage seekers, a good broker is paramount. Warren Buffett's record cash pile is starting to make people nervous.
