HomeDefinitionsCompareDebt Mortgage durationThe financial definition for Mortgage duration:A modification of standard duration to account for the impact on duration of MBSs of changes in prepayment speed resulting from changes in interest rates. Two factors are employed: one that reflects the impact of changes in prepayment speed or price. Similar MatchesAdjustable rate mortgage (ARM)Adjustable rate mortgage (ARM)A mortgage that features predetermined adjustments of the loan interest rate at regular intervals based on an established index. The interest rate is adjusted at each interval to a rate equivalent to the index value plus a predetermined spread, or margin, over the index, usually subject to per-interval and to life-of-loan interest rate and/or payment rate caps. Alternative mortgage instrumentsAlternative mortgage instrumentsVariations of mortgage mortgage such as mortgage and variable-rate mortgages, mortgage, mortgage and several seldom-used variations. Bi weekly mortgage loanBi weekly mortgage loanA mortgage loan on which mortgage and mortgage payments are made every half-month (total of 26 payments) as opposed to monthly payments. This results in earlier loan mortgage. Further SuggestionsBlanket MortgageChattel Mortgage Closed end mortgage Collateralized mortgage obligation (CMO) Commercial Mortgage Backed Securities Consolidated mortgage bond Conventional mortgage Click to compare definitions of Mortgage duration Click to view definitions beginning mo |