Interest rates offered by lenders may depend on your credit profile, loan term, changes to underlying interest rate index, and other factors. (credible.com)
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)
At a scheduled time, the floating rate is adjusted to the current interest rate index plus the spread. (novelinvestor.com)