Interest rates for a Reverse Mortgage float on a base of an established benchmark interest rate index and adjust periodically within maximum allowed adjustments and within interest rate caps. (newretirement.com)
Currently, the bank's main benchmark interest rate is at a record low of zero. (baltimoresun.com)
Variable interest rates mean that the personal loan interest rates do change over the life of your personal loan based on movements in underlying benchmark interest rates. (makelemonade.co)