Periodic Cap
Last updated 2026-08-01
FreddieMac
Updated 2026-08-01
For ARMs, the Periodic Cap is the maximum increase or decrease in the Note Rate on any Interest Change Date after the first Interest Change Date, expressed in percentage points. The related ULDD Data Point names are:Per Change Maximum Decrease Rate Percent
FreddieMac Glossary
FreddieMac · pp. 30–32
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