Question

What is one difference between fixed-rate mortgages and variable-rate mortgages?

Answer 1

Fixed stays the same and variable always changes. (I hope this is what you were looking for!)

Answer 2

One difference between fixed-rate mortgages and variable-rate mortgages is that the interest rate can vary. A fixed-rate mortgage carries less risk because the rate cannot change. A variable-rate mortgage can seem cheaper in the beginning, but is often more expensive over the life of the loan.