What is the meaning of INITIAL NOTE RATE?

With regard to an adjustable rate mortgage, the note rate upon origination. This rate may differ from and is usually less than the fully indexed rate.

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APABarry Goldsmith. (2010). INITIAL NOTE RATE. Retrieved October 2, 2026, from http://smartdefine.org/initial_note_rate/definitions/1156089
ChicagoBarry Goldsmith. 2010. "INITIAL NOTE RATE" http://smartdefine.org/initial_note_rate/definitions/1156089 (accessed October 2, 2026).
HarvardBarry Goldsmith 2010, INITIAL NOTE RATE, Smart Define, viewed 2 October, 2026, <http://smartdefine.org/initial_note_rate/definitions/1156089>.
MLABarry Goldsmith. "INITIAL NOTE RATE" 21 October 2010. Web. 2 October 2026. <http://smartdefine.org/initial_note_rate/definitions/1156089>