Fixed Rate Compared To Variable Interest Rates?

[javabeans]

Hi I’m wondering if anyone knows why it is better to go with a fixed rate interest rate compared to variable?

[maddog]

The difference between fixed and variable interest rates is the rate you pay over the period of your loan. A fixed interest rate will have the interest rate stay the same throughout the loan period. While a variable interest rate fluctuates and changes periodically over the course of your loan. Hope that helps

[javabeans]

Thank you for the help