The interest rate of ARMs (adjustable rate mortgages) is based on an index. The two indexes that Direct Mortgage uses is the Treasury index and the LIBOR index. Ready to start your online mortgage application? Return to Glossary
The interest rate of ARMs (adjustable rate mortgages) is based on an index. The two indexes that Direct Mortgage uses is the Treasury index and the LIBOR index.
Ready to start your online mortgage application? Return to Glossary
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