Variable vs. fixed rates: Help borrowers weigh their options

Description

Abstract: Interest rates have been near historical lows. But as rates slowly start to increase, now may be a smart time for customers with variable-rate loans to lock into fixed-rate loans. This article reviews where rates have been over the last four decades and which types of borrowers might benefit from making the variable-to-fixed conversion. A sidebar takes a closer look at interest rate swaps as a financing alternative.