CanEquity's initial interest rate for their variable rate mortgage is 1.74%. After this initial rate, payments for your variable rate mortgage will be based on CanEquity's Prime rate of less than 0.40%. Variable Rate Mortgage by National Mortgage National Mortgage has three variable rate mortgage programs on its product lists. Bad Credit Mortgage Loan Limits But while rates are indeed high in bad credit mortgage loans, there are also limits to these. Discount points in bad credit mortgage loans are common. Borrowers with good credit may not have to pay for these on their loans or they may but for only a low percentage. For borrowers with bad credit, the limit is usually four or five points on their bad credit mortgage loan. These questions race through our minds whenever we are faced with a financial situation that requires us to understand a little bit more about bank rate mortgages. The answer is simple enough. Bank rate mortgages are moved by several factors that are different from but are somehow connected with each other. On the other hand, if economy weakens, mortgage interest rates go down. In today's market, the mortgage interest rates are much lower than they were in the mid-1980s to the 90s. But within the next year or two, financial experts have come up with predictions mostly outlining the rise of mortgage interest rates. After about a year, the new interest rate of an adjustable rate home mortgage will either rise or fall, depending on the movement of the lending company's prime rate. Knowing whether or not an adjustable rate home mortgage is right for you depends on your income status and the type of adjustable rate home mortgage payment you plan to make. But even then, interest-only mortgage rate programs are made available to borrowers who want to avoid incurring penalties when taking large equity sums. Below are some interest-only mortgage rate programs made available to you: One Month Libor Loan - The interest-only mortgage rate of this loan is the sum of the LIBOR index plus a margin of 0.125%.