Personal Finance Buzz

The debate over fixed vs. variable mortgage rates should come down to affordability over other factors. Can your budget handle an interest rate hike?

One of the first questions you will have to answer when you are in the market for a home loan is whether you want a fixed or a variable interest rate.

Combination mortgages offer exposure to both the security and predictable payments of fixed rate mortgages and the lower interest rates of variable rate mortgages.

With recent bank promotions of 2.99% fixed for four years (some even for five years!), there have been a lot of discussions on whether it's a better deal to switch from variable to a fix mortgage...

What is a variable interest rate? In this quick guide I explain the variable interest rate and how it applies to your personal finances.

What happens to your mortgage payments when interest rates rise? Many people mistakenly believe that their payments will fluctuate when interest rates change.

There’s a new kind of private student loan in town, with pros and cons that should be weighed before signing up. Wells Fargo and U.S. Bank have recently rolled out fixed-rate student loans to attract more consumers, as the private loan market continues to lose ground to the federal government, which is currently offering subsidized loans with a hard-to-beat 3.4% fixed rate.