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Common Mortgage Indices
Last Updated June 1, 1999

There are many indexes used for adjustable rate mortgages (ARMs).
The three most common indexes are:
  1. 1 Year US Treasury Security Adjusted to a Constant Maturity (CMT)
  2. Cost of Funds of the 11th District Federal Home Loan Bank (COFI)
  3. London InterBank Offering Rate (LIBOR) -- Monthly

The following graph and table compare the three common indexes.


Texas Mortgage Arm Index



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