Abstract
Investigates costs and risks associated with the choice of terms for adjustable rate mortgages. Impact of mortgage-rate changes on the size of payments for adjustable-rate mortgages; Examination of the choice of length of the fixed period before the occurrence of the first interest rate; Assessment of the choice of annual and lifetime caps for a standard one year adjustable rate mortgages.
Original language | American English |
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Journal | Financial Services Review |
Volume | 12 |
State | Published - Jan 1 2002 |
Keywords
- ADJUSTABLE rate mortgages
- INTEREST rates
- MORTGAGE loans
Disciplines
- Business
- Finance and Financial Management