A fixed rate is certainty you pay a small premium for; a variable rate is a discount you're paid for accepting rate risk. On short terms the variable discount often wins, there's little time for rates to move against you. On long terms, fixed usually earns its premium. The full guide covers how variable rates are actually built (index plus margin), what caps do and don't protect you from, the refinance-later strategy and its costs, and a worked comparison over 3- and 7-year terms so you can see exactly where the crossover sits.

What the full guide covers

• How variable pricing works: index + margin
• Caps, floors, and adjustment periods
• Short term vs. long term: where each wins
• The refinance-later escape hatch
• A worked 3-year vs. 7-year comparison

The full guide is publishing soon. The short version above is accurate and current, and the concierge already knows everything in it.