adjustable rate
adjustable rate
An adjustable rate is a rate of interest paid on outstanding debt (often a mortgage) that can fluctuate. Generally, adjustable rates are defined relative to an underlying variable index, as in 30-day LIBOR plus 1.50%.
Rates, News & Advice Since 1995
An adjustable rate is a rate of interest paid on outstanding debt (often a mortgage) that can fluctuate. Generally, adjustable rates are defined relative to an underlying variable index, as in 30-day LIBOR plus 1.50%.
| Loan Type | Today |
|---|---|
| 15 yr fixed |
|
| 30 yr fixed |
|
| 5/1 ARM |
|
Rates may contain points