ADJUSTABLE-RATE MORTGAGE - ARM
A kind of mortgage wherein the interest rate which serves as a payment for outstanding balance may differ according to a particular benchmark. The initial interest rate, most often, is fixed within a certain time period after which will be reset after a certain period, most of the time every month. The borrower will base the interest rate on a benchmark and on a spread, called an ARM margin.
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Industry Bet
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Risk Averse
A term that describes an investor who will prefer an investment with the lower risk when he or she encounters two investments with a similar expect ...
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| 14:30 | Trimmed Core CPI | Aug | |
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