Variable rates are hard to ignore even when we know that the prime rate will, or should, be going up. The choice is yours to make. On the other hand, mortgages have come a long way from back in the olds days. You can now split your mortgage into 2 ( or even 3 or more segments) An example would be if you have a $300,000 mortgage, why not have $150,000 in a variable rate mortgage and the other $150,000 in a fixed rate. That way you get the best of both worlds. RBC has this under the name "Homeline" Under their product, you can divide your mortgage into as many as 5 segments. Something to think about for all you new home owners. good luck, bruce