what is fixed rate & floating rate option in housing finance?

2007-05-20 03:02:41 · 1 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ Other - Taxes

1 answers

Just what the names imply. A fixed rate loan has an interest rate that is fixed for the life of the loan. A floating or variable rate can be changed periodically as spelled out in the loan contract.

2007-05-20 11:07:47 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋

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