Rate Protection

In an adjustable-rate loan, a period of time during which one's interest rate may not rise if prevailing interest rates rise. However, rates may drop in that time period if prevailing interest rates drop. Rate protection is usually extended for 90 or 120 days. See also: Call protection.

Rate Protection

Protection for a borrower against the danger that rates will rise between the time the borrower applies for a loan and the time the loan closes.

Rate protection can take the form of a lock, where the rate and points are frozen at their initial levels until the loan closes, or a floatdown, where the rates and points cannot rise from their initial levels but they can decline if market rates decline. In either case, the protection only runs for a specified period. If the loan is not closed within that period, the protection expires and the borrower will have to either accept the terms quoted by the lender on new loans at that time or start the shopping process anew. See Locking the Loan.

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portable mortgage

References in periodicals archive ?

Also, related to the offering the 3.97% series E guaranteed senior notes have a 10-year term and an effective interest rate of 4.23%, reflecting the settlement of interest rate protection agreements.

First Industrial Realty announces private placement of USD150m unsecured notes at coupon rate of 3.97%

Sky Jewellery helps guarantee both gold rate protection and provides the benefit of guaranteed low prices, in case their is a drop in gold prices.

Special Akshaya Tritiya offers at Sky Jewellery

Another suggestion was to hedge foreign currencies for overnight transactions either by establishing a fund on Mudaraba basis or an exchange rate protection scheme based on Takaful along the lines of Sharia compliant deposit protection schemes.

Waqf Fund hosts 12th Sharia Scholar session

Customers who pay 10 per cent advance, get guaranteed gold rate protection on Dhanteras.

Celebrating 25 years of trust and elegance

This compares with FFO of $0.39 per share in the third quarter 2017 excluding the mark-to-market of an interest rate protection agreement.

First Industrial Realty Trust, Inc. announces results

Similar with the recently reactivated Currency Rate Protection Program (CRPP) which is a hedging facility, another idle Bangko Sentral ng Pilipinas (BSP) tool that has been untapped for the past four years is the Exporters' Dollar and Yen Rediscount Facility (EDYRF).

Banks encouraged to buy forex needs from BSP facility

They do that for interest rate protection," Paul Merski, executive vice president for Congressional Relations at the Independent Community Bankers of America, in Washington, D.C.

Volcker revisited

The customers will also have an opportunity to get the gold rate protection by just paying 10 percent of the entire amount on the selected gold jewellery to get protected from the increasing gold rate.

Malabar Gold & Diamonds announces 'The Great Gold Rush'

To mark the occasion of Akshaya Tritiya, which considered an auspicious time to buy gold in the Indian calendar, seaPearls Gold and Diamond Jewellery has announced an exciting promotion where it is extending 'Pay 10 per cent and get gold rate protection until Akshaya Tritiya on April 18' offer.

SEAPEARLS GOLD and DIAMOND JEWELLERY LAUNCHES AKSHAYA TRITIYA OFFER

Customers can get gold rate protection by just paying ten per cent of the entire amount on the selected gold jewellery to get protected from increasing gold rates.

Malabar Gold announces 'The Great Gold Rush' promotion

In addition, the gold rate protection guarantee is on offer for the duration of the promotion.