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A measure of interest rate changes used to adjust the interest rate of an Adjustable Mrtgage Loan.
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an index used to adjust the interest rate of an adjustable mortgage loan (e.g., the change in U.S. Treasury securities (T–Bills) with 1–year maturity. The weekly average yield on said securities, adjusted to a constant maturity of 1 year, which is the result of weekly sales, may be obtained weekly from the Federal Reserve Statistical Release H.15 (519). This change in interest rates is the "index" for the change in a specific Adjustable Mortgage Loan).
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An index used to adjust the interest rate of an Adjustable Rate Mortgage (i.e.: COFI, LIBOR, 6 month T-Bill, etc.)
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A table of yields or interest rates being paid on debt (such as Treasury notes or bank deposits) that is used to determine interest-rate changes for adjustable-rate mortgages and other variable-rate loans.
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A measure of interest rate changes used to adjust the interest tare of an Adustable Mortgage Loan, Example: the change in U.S. Treasury secutities (t-bills) with a 1-year maturity, based upon their weekly average yield.
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An index used to adjust the interest rate of an adjustable mortgage loan. For example: the change in U.S. Treasury securities (T-Bills) with a 1 year maturity.
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An index used to determine interest rate changes for certain adjustable rate mortgages (ARM).
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