this post was submitted on 02 Oct 2024
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[โ€“] fushuan@lemm.ee 3 points 2 months ago (1 children)

In Spain you can decode between fixed or variable rates, and although fixed rates are usually a bit higher, having the peace of mind that suddenly the mortgage won't raise next month and being able to plan around a fixed monthly cost is such a big peace of mind.

Fixed rates are the best.

[โ€“] DScratch@sh.itjust.works 2 points 2 months ago

Fixed rates are safer, for sure.

But during the pandemic, when rates went to near zero, I was very glad to be on a variable.