Financial Services Review
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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.
This article was originally published in Financial Services Review, 2003, Volume 12.
Templeton, William K.; Main, Robert S.; and Orris, J. B., "An Investigation of Adjustable-rate Mortgage Pricing Features" (2002). Scholarship and Professional Work - Business. 7.