Credit Access
» Credit Access, Volume 8, Issue 7, 2008
If respondent owns their residence and has two mortgages on that property and a variable interest rate on the second mortgage.
18b2. Does that interest rate reset quarterly, bi-annually, annually, or some other time?
| Response | ||||
|---|---|---|---|---|
| 1 | Monthly | 19 | ||
| 2 | Quarterly | 31 | ||
| 3 | Bi-annually | 3 | ||
| 4 | Annually | 10 | ||
| 5 | > 2 years | 2 | ||
| 6 | Change in prime | 10 | ||
| 7 | Other | 3 | ||
| 8 | DK/Refuse | 22 | ||
| Total (%) | 100 | |||
| N | 52 | |||
Notes: The interest rate resets monthly for 19 percent of small employer/owners who own their residence and have two mortgages on that property and a variable interest rate on the second mortgage (Q#18b2).
