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Interest rate ceiling
The highest interest a lender can charge for an adjustable-rate mortgage.
Related Terms
Rate lock
Interest rate buy-down plans
Initial interest rate
Certificate of deposit index
Variable rate mortgage
Interest accrual rate
Variable interest rate
Dropped ceiling
Variable rate
Adjustment period
Cap
Adjustable-rate mortgage (ARM)
Rate-improvement mortgage
Interest rate caps
Interest rate
Fixed-rate mortgage
Step-rate mortgage
Treasury index
Lock-in
Cathedral ceiling
Domed ceiling
Note rate
Negative amortization
Tray ceiling
Mortgage
Note
Life cap
Ceiling height
Shed ceiling
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