Nota metodológica:
Participación, en financiaciones de adquisición de vivienda durante el año, de contratos con amortización total y tasa de interés variable, reajustada según lo establecido en el contrato, la cual puede ser fija por períodos de hasta 1 año.
HD: Fully amortizing new mortgage loans as a % of total new mortgage loans made in calander year: Variable Rate Mortgage loans with a fixed rate period at or < 1 year
Nota: VRM is a mortgage on which the interest rate can be changed by the lender. There are 2 phases in the life of an VRM. During the first phase the interest rate is fixed, just as on a FRM. The difference is that for a The difference is that for a FRM the rate is fixed for the term of the loan, whereas on an VRM it is fixed for a shorter period. The period ranges from a few months to 10 or more years. At the end of the initial rate period the rate is adjusted. There may be conditions related to the interest rate adjustment, e.g., a contractual maximum rate or a maximum rate increase from the previous rate.
