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Adjustable rate mortgage

• Is a loan which has a coupon or interest rate that is subject to change on predetermined reset dates. These loans use interest rate indices as the benchmark rate. Adjustable Rate Mortgages come in many variations. Typically, the reset dates recur every 1, 3, or 5 years; but there are other periods used as well. These loans may have cap and floor features which constrain each reset change in interest rates. There may also be lifetime cap and floor features. Adjustable Rate Mortgages may be strictly amortizing though some have negative amortization features.

• A mortgage whose interest rate changes periodically based on the upward or downward movement of a specified benchmark, e.g. six month or one-year Treasury bills.

 
 

Follow this link for all the terms related to mortgagerate.

 
 Embedded terms in definition
 Amortization
Benchmark
Cap
Change
Coupon
E
Floor
G
Interest rate
Interest
Mortgage
Negative amortization
Reset date
Reset
Subject
Treasury bill
 
 Related Terms
 
Add on rate
Adjustable rate or floating rate preferred share arps
Adjustable rate preferred stock
After tax real rate of return
All current rate method
All equity rate
Alternative mortgage instruments
Amortizing interest rate swap
Annual percentage rate
Annuity rate
Arithmetic average mean rate of return
Assumable mortgage
Assumption of mortgage
Auction rate preferred stock
Average rate of return
Average tax rate
Back discount rate
Bank rate
Base interest rate
Base rate
Benchmark interest rate
Break even payment rate
Break even tax rate
Broker loan rate
Call money rate
Capitalization rate
Ccpc rate reduction
Closed end mortgage
Collateralized mortgage obligation
Collateralized mortgage obligations
Compound annual growth rate
Conventional mortgage
Coupon rate
Crediting rate
Cross over rate
Crossover rate
Current rate method
Discount rate
Dividend rate
Dollar weighted rate of return
Effective annual interest rate
Effective interest rate international context
Effective rate
Effective true annual rate
Equilibrium rate of interest
Exchange rate
Exchange rate mechanism
Exchange rate risk
Exchange rate risk capital budgeting
Federal funds rate
Federal home loan mortgage corporation
Federal national mortgage association
Fixed exchange rate
Fixed rate loan
Fixed rate payer
Floating exchange rate
Floating rate
Floating rate bonds
Floating rate contract
Floating rate loan
Floating rate note
Floating rate payer
Floating rate preferred
Floating rate preferreds
Floor rate
Foreign exchange rate
Forward exchange rate
Forward interest rate
Forward rate
Forward rate agreement
Gmcs guaranteed mortgage certificates
Government national mortgage association gnma or ginnie mae
Graduated payment mortgage
Growth rate
Historical exchange rate
Hurdle rate
Implied repo rate
Incremental internal rate of return
Interest rate
Interest rate agreement
Interest rate buydowns
Interest rate cap
Interest rate ceiling
Interest rate exposure
Interest rate floor
Interest rate on debt
Interest rate parity theorem
Interest rate risk
Interest rate risk management
Interest rate swap
Internal growth rate
Internal rate of return
Internal rate of return approach
Internal rate of return irr
Inverse floating rate note
Lease rate
London interbank offered rate libor
Marginal tax rate
Market capitalization rate
Money rate of return
Mortgage
Mortgage backed securities
Mortgage backed securities clearing corporation
Mortgage backed securities hedge funds
Mortgage bond
Mortgage duration
Mortgage pass through securities
Mortgage pass through security
Mortgage pipeline
Mortgage pipeline risk
Mortgage rate
Mortgage tax
Nominal annual rate
Nominal exchange rate
Nominal interest rate
Nominal interest rate international context
Nominal rate of interest
Open end mortgage
Outright rate
Overnight rate
Pass through coupon rate
Pass through rate
Pibor paris interbank offer rate
Plowback rate
Portfolio internal rate of return
Portfolio turnover rate
Prime rate
Rate anticipation swaps
Rate lock
Rate of interest
Rate of return
Rate of return ratios
Rate risk
Rate sensitive assets
Rate sensitive liabilities
Real estate mortgage investment conduit
Real interest rate
Real rate of interest
Real rate of return
Reference rate
Reinvestment rate
Remic real estate mortgage investment conduit
Retention rate
Reverse mortgage
Risk adjusted discount rate
Risk free rate
Riskless rate
Settlement rate
Split rate tax system
Spot exchange rate
Spot interest rate
Spot rate
Spot rate curve
Stated annual interest rate
Stopping curve refunding rate
Strip mortgage participation certificate strip pc
Stripped mortgage backed securities
Stripped mortgage backed securities smbss
Sustainable growth rate
Swap interest rate
Swap rate
Theoretical spot rate curve
Time weighted rate of return
Total rate of return
Unemployment rate
Unisex annuity rate
Variable rate cds
Variable rate loan
Wholesale mortgage banking

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