What is a mortgage? A fixed-rate mortgage is a home loan option with a specific interest rate for the entire term of the loan, according to Rocket Mortgage. An adjustable-rate mortgage is a home loan with an interest rate that can fluctuate over time.
Do you know the difference between a fixed-rate and an adjustable rate mortgage?
![](https://assets.thesparksite.com/uploads/sites/4086/2018/09/blogpost1-img4.jpg)