Should I get a fixed or adjustable-rate mortgage?

Choosing between a fixed or adjustable-rate mortgage depends on your financial goals and how long you plan to stay in the home. A fixed-rate mortgage offers stable monthly payments and protects you from rising interest rates, which is ideal if you're buying a long-term home or prefer predictability. However, initial interest rates may be higher. An adjustable-rate mortgage (ARM) starts with a lower interest rate, which can save money early on. But the rate adjusts after a set period, possibly increasing your payments. ARMs are better if you plan to sell or refinance within a few years. Consider your risk tolerance, job stability, and how long you'll own the property before deciding which option fits best.