Back to Glossary
Adjustment Date
January 19, 2023
The adjustment date is the date in which an ARMs interest rate is scheduled to change. An ARMs interest rate is typically fixed at a discounted rate for the initial lien period before it will be reset (or adjusted). According to the parties' agreement, the interest rate will be adjusted on a previously arranged date to reflect the current market's interest rates. The period of time in between each adjustment is called the adjustment period.
Related Topics
What Is a Property Tax Lien
What Is an Adjustable Rate Mortgage (ARM)?
Navigating the Process of Mortgage Modification
What Is Non-Recourse Lending?
What Is a Short Sale?
When Is the First Mortgage Payment Due?
What Does Foreclosure Mean?
What Is a HELOC Loan?