Will interest rates on my mortgage change?
This answer depends on the type of mortgage that you have.
Some examples of loans in which your interest rate will not change are FHA loans and fixed rate loans. Any loan that is characterized as a fixed rate loan will have constant interest rates.
However, other types of mortgages, such as adjustable rate loans can result in interest rate changes. These types of loans will generally have a set amount of time in which the interest rate is fixed. At the end of this period, the rate will be subject to change.