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Glossary   >   C   >   "Capped rate mortgage" Definition            Capped rate mortgage A mortgage which guarantees the interest rate charged will not rise above a certain level. But it may fall in line with variable rates. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Capped rate mortgage - A mortgage which guarantees the interest rate charged will not rise above a certain level. But it may fall in line with variable rates.