Real Estate Dictionary
Rate Gap
The difference between where the rate is now and where it could adjust to on an ARM. Also used to compare the difference between a current conventional rate and that of an ARM.
Realtor®
A real estate broker or associate active in a local real estate board affiliated with the National Association of Realtors.®
Regulation Z
The set of rules governing consumer lending issued by the Federal Reserve Board of Governors in accordance with the Consumer Protection Act.
