Most of my experience is in the United States, where I live. In the US a "normal" mortgage typically has a fixed rate. However, any kind of unsecured loan wil

Most of my experience is in the United States, where I live. In the US a "normal" mortgage typically has a fixed rate. However, any kind of unsecured loan will have a floating rate. Certainly that includes all credit card debt and any kind of short term business financing like paypal offers. Further, if you have a poor credit score it is likely that your car loan(s) will have a floating rate and that you will be aggressively steered into a floating rate mortgage (an "ARM"). This will be presented to you as a benefit in the form of lower monthly payments (for now).