Question
Given a 3-1 hybrid ARM with a 2-1-5 cap structure, and the following interest rate scenario, suppose the mortgage rate is 6 percent today when
Given a 3-1 hybrid ARM with a 2-1-5 cap structure, and the following interest rate scenario, suppose the mortgage rate is 6 percent today when the mortgage is approved, the mortgage rate 5 years from now will be _____ %. (Do not include percentage sign.)
| Year | Interest Rate |
| 0 | 8.00% |
| 1 | 8.50% |
| 2 | 9.00% |
| 3 | 9.50% |
| 4 | 10.00% |
| 5 | 12.00% |
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Project Finance In Construction
Authors: Tony Merna, Yang Chu, Faisal F. Al-Thani
1st Edition
1444334778, 978-1444334777
