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The Variable Rate is the rate at which a number changes

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The Variable Rate is the rate at which a number changes

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Variable rate mortgages are mortgages that are not fixed. A person would have to decide which mortgage they would like to try for, either a fixed mortgage rate or a variable rate mortgage.

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If you want a variable interest rate to fixed, refinancing your home would be the way you can accomplish this. Variable rate also known as an adjustable rate mortgage should be refinanced before your interest rate adjust.

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Rate of change of the "vertical" variable in relation to the "horizontal" variable.

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The rate of change indicates the change in one variable per unit change in a second variable at (or around) that level for the second variable.

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