Before revision: Examples When buying a house, many people choose a fixed rate mortgage, where the interest rate is set for a specific time frame (typically several years), over a variable rate mortgage, where the interest rate fluctuates with the market, possibly from one month to the next.
After revision: Examples When buying a house, many people choose a fixed-rate mortgage, where the interest rate is set for a specific time frame (typically several years), over a variable-rate mortgage, where the interest rate fluctuates with the market, possibly from one month to the next.