Now is the Right Time for a Fixed Rate Mortgage Loan!
Many borrowers find fixed rate mortgage loans as an attractive option compared to variable rate mortgage since payments on such loans do not rise and fall with the interest rates and moreover the fixed interest mortgage rates are low and are therefore affordable. Fixed interest rate mortgage is a viable option for those who plan to live in their home for more than ten years - the shorter the term, the lower the interest rate. There are 10 year, 15 year and 30 year fixed rate mortgages.
