A homeowner reviewing mortgage statements and budgeting while a fixed rate mortgage ending approaches
Debt

Your Fixed Rate Is Ending — Here’s What to Do Before the Payment Jumps

Five years ago, locking in a mortgage rate below 2% felt like a smart, settled decision. Today, that same fixed deal might be about to end — and the replacement rate could be two or three times higher. If you’re feeling a knot of anxiety about what your next payment might look like, you’re not alone, and more importantly, you’re not without options.