Having a fixed rate mortgage is one of the more common types of loans or buying a home. It is very easy to understand and get. Most people know exactly what they are getting themselves into with this type of loan.
The big benefit of a fixed rate mortgage is the stability. No matter what the interest rates do, you will be guaranteed to pay the same payment month after month until the loan is paid in full.
This will help to make it easier to feel good about your loan. You will not have to wander what your next payment is going to be.