Discover how reference rates like the SOFR and prime rate serve as benchmarks for setting interest rates, and explore their impact on mortgages and financial contracts.

Adjustable-rate mortgages, or ARMs, are home loans with fluctuating interest rates. The main difference between adjustable- and fixed-rate mortgages is that fixed-rate mortgages keep the same rate for ...

Multiple economic factors influence interest rates. Three types of interest rates, including real, nominal, and effective affect consumers' borrowing and investment choices. The nominal interest rate ...

In for-hire trucking, shippers pay carriers to move freight. This payment is generally a per-mile rate with a fuel surcharge. Freight rates are the primary source of income in for-hire trucking and a ...