Are fixed rate loans always at a higher interest rate?

Are fixed rate loans always at a higher interest rate?

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Yes fixed rate loans always are at a higher interest rate, because you're not participating in the bank's risk of the volatility of interest rates over the years on the money that they gave you. So, for example, you got a $500,000 loan today at 6%, it's a 30-year fixed, the rate is never going to change; but that's $500,000 of that bank's money that now could be out there for 30 years at 6%. Well, if rates go back to double-digits again, say 10%, 15%; they're losing a lot of money on that $500,000 they lent you today.