Responses
The rate can go up or down, depending upon the index it is tied too.
The rate can go up or down, depending upon the index it is tied too.
The interest rate can fall below 0.
The interest rate can fall below 0.
The rate can only go down.
The rate can only go down.
The rate can only go up.
1 answer
The correct statement about variable-rate loans is:
The rate can go up or down, depending upon the index it is tied to.
Variable-rate loans typically have interest rates that fluctuate based on a specific index, which means the rate can increase or decrease over time.
