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Arm Mortgage

Contents

  1. – Adjustable Rate Mortgage 10/1 ARM – the rate is fixed for a period of 10 years after which in the 11th year the loan becomes an adjustable rate mortgage (ARM). The adjustable rate is tied to the 1-year treasury index and is added to a pre-determined margin (usually between 2.25-3.0%) to arrive at your new monthly rate.

    The Company earns income from investing in a leveraged portfolio of residential adjustable-rate mortgage pass-through securities, referred to as ARM securities, issued and guaranteed by government.

    Benchmark mortgage rate dips for Thursday – On the variable-mortgage side, the average rate on 5/1 adjustable-rate mortgages floated higher. load error mortgage rates are constantly changing, but they continue to represent a bargain compared to.