Here's How to Pick the Best Index for Your Adjustable-Rate Mortgage
With nearly two out of three mortgage borrowers and refinancers nationwide opting for adjustable-rate loans this month, major new attention is being focused on the key rate determinant for such mortgages-the underlying index. Does it matter what index you get when you sign up for an ARM

Publication: The Washington Post

MORTGAGE Q&A One-year Treasury bill is common as index for adjustable- rate loans
Q. If I get an adjustable-rate mortgage, how does my lender determine what the rate will be from year to year? A. Although your interest rate can be subject to change, the lender will calculate the interest rate of each adjustment period by adding its margin (an interest rate that is specified when

Publication: Chicago Sun-Times

Short-term T-bills Hit 2-year High; Adjustable-rate Mortgage Index Up
WASHINGTON (AP) _ Interest rates on short-term Treasury securities rose in Monday's auction to the highest level in nearly two years. The Treasury Department sold $12.6 billion in three-month bills at an average discount rate of 3.61 percent, up from 3.57 percent last week. An additional $12.8

Publication: The Journal Record

As interest rates rise, adjustable-rate mortgages become popular again. (Originated from Knight-Ridder Newspapers)
PHILADELPHIA _ Eight months ago, adjustable-rate mortgages were as popular as the Jersey Shore in January. ``You couldn't give them away said Keith S. Gumbinger, an analyst with HSH Associates of Butler, N.J., which monitors mortgage interest rates. In January, with 30-year fixed rates just below 7

Publication: Knight Ridder/Tribune News Service

Mortgage applications decline; Rate on one-year adjustable jumped most since 1996
Mortgage applications in the U.S. declined to a four-week low as the rate on one-year adjustable loans jumped by the most since the Mortgage Bankers Association began keeping records in 1996. The report demonstrates the difficulty some home buyers face in securing affordable financing. The

Publication: Chicago Sun-Times

Finding the Least Costly Adjustable-Rate Mortgage - New York Times
LEAD: WHILE adjustable-rate mortgages are becoming more standardized, there still are substantial variations in pricing and structure that warrant careful scrutiny. The greatest remaining impediment to comparison shopping is that lenders peg their interest-rate adjustments to a variety of esoteric

Publication: The New York Times