This is a tantalizing initial rate, one actually lower than the note rate at which your mortgage is written It almost guarantees that your rate will increase at the first adjustment period even if the index stays the same, to bring the mortgage closer in line with prevailing rates
a device for teasing wool; "a teaser is used to disentangle the fibers" an attention-getting opening presented at the start of a television show an advertisement that offers something free in order to arouse customers' interest a worker who teases wool
An attention-getting highlight of a television show presented before the show begins It is intended to draw viewers to the program