Floating Interest Rate

Definition of "Floating interest rate"

Pamela  Robinson
Pamela Robinson Home Selling Solutions of the Triad LLC

Interest rate on a loan that varies periodically based on some related measure. If interest rates are currently high and a prospective buyer of a home believes future interest rates will be decreasing, he should contract for a variable rate mortgage (VRM)

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ