Understanding 5-Year Fixed Mortgage Rates: Your Complete Guide Introduction What Are 5-Year Fixed Mortgage Rates? A 5-year fixed mortgage rate is a loan with a fixed interest rate for the first five years. After this period, the rate can either reset to current market rates or convert to a variable rate, depending on the terms of your mortgage. This type of mortgage provides stability in your monthly payments, as the rate remains unchanged for a significant period. Why This... [read more]