Interest Rate Caps

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January 1, 1 6 min read Definitions
Initial Interest Rate
Initial Interest Rate Adjustable-Rate Mortgage Mortgage Loans Teaser Rate Fully Indexed Rate Real Estate Finance Interest Rate Caps
The initial interest rate is the beginning rate applied to an adjustable-rate mortgage, typically set for an initial period before adjustments. It often acts as an introductory rate that may be lower than prevailing market rates.
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