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Berkshire Hathaway - Verani Realty

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Bob Ramalho September 1, 2023

What Is A Floating Interest Rate?

A floating interest rate, also known as a variable interest rate or an adjustable rate, is an interest rate that can change over time. Unlike a fixed interest rate, which remains constant for the entire duration of a loan or investment, a floating interest rate fluctuates periodically based on certain factors or benchmarks. The advantage of a floating interest rate is that it can offer flexibility. When interest rates are low, borrowers can benefit from reduced interest payments. However, if … [Read more...]

Filed Under: Real Estate Tagged With: Adjustments, Mortgage Rates, Real Estate

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