travamento de taxa de juros
1. A financial agreement that guarantees a fixed interest rate for a mortgage or loan for a specified period, protecting the borrower from future rate increases
The bank offered a rate lock of 3.5% for 60 days, guaranteeing the customer would not pay more if rates rose during that period.
O banco ofereceu um travamento de taxa de juros de 3,5% por 60 dias, garantindo que o cliente não pagaria mais se as taxas subissem durante esse período.
2. The period during which a lender commits to holding a specific interest rate before closing a loan
We secured a rate lock before applying for the mortgage to protect ourselves from market volatility.
Nós garantimos um travamento de taxa antes de solicitar a hipoteca para nos protegermos da volatilidade do mercado.
Rate locks are crucial in the American mortgage market, where interest rates fluctuate frequently. In Brazil, this concept is less common but increasingly relevant as the financial market becomes more sophisticated. The practice reflects the uncertainty and volatility of housing finance markets in both countries, with rate locks providing consumer protection and predictability.
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