Below Market Rate
Barron's Banking Dictionary:
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Below Market Rate
Rate below conventional rates in a given market, may be designed to assist low or moderate income buyers, as in mortgages financed by Mortgage Revenue Bonds. The term also describes a low introductory rate in an Adjustable Rate Mortgage, known as a Teaser Rate.
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Barron's Banking Dictionary
Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.
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