Fixed vs Floating Mortgage Interest Rate – Easy Peasy Finance for Kids and Beginners – Podcast

Everything you need to know about Fixed and Floating (or adjustable - ARM) interest rate for mortgage: what is a fixed interest rate, what is a floating or adjustable interest rate, what happens if the interest rate changes, is there a maximum rate for floating or adjustable interest rate, what are the advantages of a floating or adjustable interest rate, who decides if the rate should change or go up or down for a floating interest rate, who decides the kind of interest rate for a mortgage, and more. Show notes and transcript at: http://easypeasyfinance.com/comparison-mortgage-interest-rate-fixed-vs-floating-adjustable-arm/