Sentences with phrase «subsequent increases in the interest rate»

The first and subsequent increases in the interest rate may not be more than one per cent per time.

Not exact matches

With higher mortgage interest rates, any increase in prices will likely be met with a subsequent fall in sales.

For example, a 5/1 ARM might have a cap structure of 2 -2-6, meaning that in year six (after the introductory period expires) the interest rate can increase by 2 %, in subsequent years the interest rate can increase by an additional 2 %, and the total interest rate can never increase by more than 6 %.