An Investigation of Adjustable-rate Mortgage Pricing Features

Templeton, William K.; Main, Robert S.; Orris, J.B.
December 2002
Financial Services Review;Winter2002, Vol. 11 Issue 4, p367
Academic Journal
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.


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