Rising inflation and rising interest rates can be bad news for borrowers if they have loans with floating interest rates, such as credit card debt and adjustable - rate mortgages. (humbledollar.com)
If the reference rate makes a sudden move upward, borrowers who pay floating interest rates can see their payments rise dramatically. (investopedia.com)
It is important to note that your monthly payments will vary if you are on adjustable floating interest rate agreements. (calculatorpro.com)