Interest rate cap vega
so vega of IRS is proportional to the change in interest rate typically libor w.r.t the volatility of the interest rate interest rate volatility determines how sensitive IRS value to the volatility of the interest rates *All rates are subject to change without notice. Rates shown are for a 30-day lock period. Unless otherwise indicated, rates apply for a primary residence or second home in VA or NC. Other loan programs, terms and rates may be available. Important Additional Information About Rates