Index
What is Index?
A published rate, such as the average interest rate or yield on Treasury bills or COFI. A margin is added to the index to determine the interest rate that will be charged on an adjustable-rate mortgage (ARM).
A published rate, such as the average interest rate or yield on Treasury bills or COFI. A margin is added to the index to determine the interest rate that will be charged on an adjustable-rate mortgage (ARM).
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