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Adjustable Rate Mortgage Indexes
Last Updated October 28, 2005 COMMONLY USED ARM INDEXES A. Cost of Funds, Eleventh District (COFI) B. 1-Year Treasury Constant Maturity Rate C. ... more... What Is a HELOC? October 20, 2003 "I have been advised to refinance with a HELOC rather than with a standard mortgage. Could you explain the difference, and why one might be better than the other?" HELOC stands for home equity line of credit, or simply "home equity line." It ... more... |
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prime rate average related definitions |
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Prime Rate
Prime Rate In North American banking, the prime rate is the interest rate a banks charge to their best or "prime" customers. Each bank will quote a prime lending rate. Many institutions quote prime rates established by large money center commercial banks such as ... more... Adjustable Rate Mortgage, ARM Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more... |
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