Credit Access
» Credit Access, Volume 8, Issue 7, 2008
If respondent owns their residence and has a mortgage on that property.
18a1. Is the interest rate on that mortgage fixed or variable?
| Response | ||||
|---|---|---|---|---|
| 1 | Fixed | 85 | ||
| 2 | Variable | 14 | ||
| 3 | DK/Refuse | 1 | ||
| Total (%) | 100 | |||
| N | 471 | |||
Notes: Eighty-five (85) percent of small employer/owners who own their residence and have a mortgage on the property have a fixed interest rate on that mortgage (Q#18a1).
