{"id":3023,"date":"2017-09-11T15:36:21","date_gmt":"2017-09-11T19:36:21","guid":{"rendered":"https:\/\/www.zolo.ca\/news\/?post_type=encyclopedia&#038;p=3023"},"modified":"2020-10-13T15:26:02","modified_gmt":"2020-10-13T19:26:02","slug":"variable-interest-rate","status":"publish","type":"encyclopedia","link":"https:\/\/www.zolo.ca\/blog\/glossary\/variable-interest-rate","title":{"rendered":"Variable Interest Rate"},"content":{"rendered":"<p>In real estate, a variable interest rate is a <a href=\"https:\/\/www.zolo.ca\/blog\/glossary\/mortgage\">mortgage loan<\/a> where the rate charged varies based on current market interest rates, which change when banks increase or decrease the posted and discount mortgage rates they charge to borrowers, in response to changes to the Bank of Canada&#8217;s overnight target rate (aka: benchmark rate).<\/p>\n","protected":false},"author":3,"template":"","meta":[],"class_list":["post-3023","encyclopedia","type-encyclopedia","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/encyclopedia\/3023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/encyclopedia"}],"about":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/types\/encyclopedia"}],"author":[{"embeddable":true,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"wp:attachment":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/media?parent=3023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}