For an adjustable-rate mortgage, the index is a benchmark interest rate that reflects general market conditions and the margin is a number set by your lender when you apply for your loan. The index and margin are added together to become your interest rate when your initial rate expires.
An indexed rate loan product is a product with a variable interest rate that generally follows credit market interest rate trends.
Variable Rates Home Loans Variable rate home loans are the most popular type of loan in Australia for a reason. In short, they offer far more flexibility than a fixed rate loan, and you can use it to your advantage. With a variable rate loan, you can make unlimited extra repayments with no fees. This means that you can pay off your loan sooner, with less total interest.Arm Interest Bad Mortgages National 30-year fixed mortgage rates go up to 4.32% Friday, April 26, 2019. The current average 30-year fixed mortgage rate climbed 12 basis points from 4.20% to 4.32% on Friday, Zillow announced. The 30-year fixed mortgage rate on April 26, 2019 is up 9 basis points from the previous week’s average rate of 4.23%.