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What is an “index”?

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What is an “index”?

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An “index” is a financial reference rate on which a lender bases mortgage and other loan rates. Typical indices include the rate of return on 1-, 3- or 5-year U.S. Treasury bills or the monthly average interest rate on loans closed by savings and loan associations. As this rate goes up or down so, too, will your mortgage rate.

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An “index” is a financial reference rate on which a lender bases mortgage and other loan rates. Typical indices include the rate of return on U.S. Treasury bills or the monthly average interest rate on loans closed by savings and loan associations. As this rate varies, so will your mortgage rate, at the predetermined adjustment periods.

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An index is a financial reference rate on which a lender basis mortgage and other loan rates, usually tied to adjustable rate and balloon loans to name a few. Typical indexes include the rate of return on one, three and five year treasury bills or the monthly average interest rate on loans closed by savings and loan associations.

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Documents are typically searched in an index directory where the search can by done using certain information.

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There are many possible ARM indexes. Each one has a distinct pros and cons and fluctuates differently based on market conditions.

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