Initial Interest Rate is the beginning interest rate at the start of an adjustable rate mortgage (ARM). It may be lower than the fully indexed rate or "going market rate" and it will remain constant until it is adjusted up or down on the adjustment date.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). initial interest rate. Retrieved September 23, 2026, from http://smartdefine.org/initial_interest_rate/definitions/1156086 |
| Chicago | Barry Goldsmith. 2010. "initial interest rate" http://smartdefine.org/initial_interest_rate/definitions/1156086 (accessed September 23, 2026). |
| Harvard | Barry Goldsmith 2010, initial interest rate, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/initial_interest_rate/definitions/1156086>. |
| MLA | Barry Goldsmith. "initial interest rate" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/initial_interest_rate/definitions/1156086> |