For people buyinga house or a car, mortgage, lenders have offered fixed-rate and variable loansfor decades.

抵押借贷公司已经为购房、购车人提供固定和浮动利率贷款几十年了。

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And even though variable mortgage rates are low (just 1.75%, according to the Bank of Canada), borrowers must meet the creditworthiness standards required for a five-year, fixed-rate mortgage.

尽管可变按揭利率的浮动很小(据加拿大央行规定，只有1.75%)，贷款者必须符合贷款资格标准才能获得五年固定利率按揭的资格。

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Please explain a variable interest rate mortgage.

请您解释一下什么叫可变利率抵押贷款。

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The Bank of England's figures show that as of last November, the average credit card interest rate was 15.89%, while the average interest rate for a standard variable rate mortgage was just 3.98%.

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All this would be similar to a homeowner forsaking a 4.5% fixed-rate 30-year mortgage for a variable-rate mortgage of nearly 5%.

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About half of mortgage borrowers have variable-rate loans and are therefore generally benefiting from the reduced cost of servicing their debt.

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