Would you choose a fixed interest rate loan at the moment? why/why not? will interest rates go up? - I guess it depends on your individual:

* financial situation?
* risk tolerance?
* market outlook?

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**Fixed Interest Rate Loan:**

Pros:

* Predictability: Your monthly payments remain constant over the loan term, making it easier to budget.
* Protection from Rate Increases: If interest rates rise, your fixed rate loan won't be affected, providing stability.
* Peace of Mind: Fixed-rate loans can offer peace of mind, especially in a rising rate environment.

Cons:

* Potentially Higher Initial Rate: Fixed rates may start higher than variable rates, which could result in higher initial payments.
* Missed Savings: If market rates decrease, you won't benefit from lower payments.

**Variable/Adjustable Interest Rate Loan:**

Pros:

* Lower Initial Rate: Variable rates often start lower than fixed rates, resulting in lower initial payments.
* Potential for Savings: If interest rates decrease, your payments could also decrease, saving you money.

Cons:

* Payment Uncertainty: Your payments can fluctuate with changes in interest rates, making budgeting more challenging.
* Risk of Rate Increases: If interest rates rise, your payments could increase, potentially straining your budget.