> That sounds terrifying. Do people just pay them off within quickly if interest rates rise? Variable rate mortgages were a better bet 88% of the time between

> That sounds terrifying. Do people just pay them off within quickly if interest rates rise? Variable rate mortgages were a better bet 88% of the time between 1950 and 2000: * https://wowa.ca/static/fixed-vs-variable-study.pdf https://wowa.ca/static/fixed-vs-variable-study.pdf Post-2000 variable did fairly well as well. It's the recency bias of the last 1-2 years that have people really freaking out about it.