There’s no right or wrong answer when it comes to deciding between a fixed-rate and a variable-rate mortgage. It depends entirely on your risk tolerance, budget, and the state of the economy. If you seek stability in your finances, don’t mind higher mortgage payments to hedge against rising rates, a fixed-rate mortgage is a superior option. Conversely, if you’re comfortable with the risk of higher interest charges and prefer lower mortgages payments, a variable rate will serve you better.