Interest Rate Floor For an adjustable rate mortgage (ARM), the minimum interest rate, as specified in the mortgage note. (hzcu-mortgage.org)
This implies that as interest rates begin to rise, we may not see an immediate impact on senior loans with interest rate floors. (indexologyblog.com)
Myth 2: Interest rate floors built into many floating rate loans are a negative attribute of these loans: Senior loans are floating rate. (indexologyblog.com)