Interest rate index
Definition
The specific interest rate series to which the interest rate on an ARM is tied, such as "Treasury Constant Maturities, 1-Year," or "Eleventh District Cost of Funds." All the indices are published regularly in readily available sources. For a listing and discussion of various indices, see Adjustable Rate Mortgage Indexes and Which Adjustable Rate Mortgage Index Is the Best?
Related Terms Other terms related to 'Interest rate index' starting with the letter 'I' Interest accrual period, Indexed ARM, Interest due, Interest rate, Interest rate floor Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 