The factor that determines whether a borrower’s interest rate on an adjustable rate loan goes up or down is a market's condition.
An adjustable-rate mortgage can be regarded as mortgage loan in which the interest rate can undergo adjustment, and this is can be done with respect to cost of the lender of borrowing on the credit market.
However, this loan can be given out base on the lender's standard variable rate/base rate.
We can conclude that market's condition do determine whether a borrower’s interest rate on an adjustable rate loan goes up.
Learn more about adjustable rate loan at:
https://brainly.com/question/1287808
