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Mortgage-X compiles historical values for the indexes which are widely used on adjustable rate mortgages (ARMs): Historical Data. Mortgage Professionals Offering LIBOR-indexed Loans: If you are looking for a LIBOR-indexed ARM and need more information or advice, we invite you to take advantage of our database of the most competitive lenders.
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The Marimark Mortgage Newsletter will keep you informed with important events in the mortgage industry that could impact your finances.. We especially focus on ways to save money on your current and future mortgages. And, we continually share the information we share with our clients, because we believe informed consumers are the best consumers.
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If you’re in an Adjustable rate mortgage (arm), now’s the time to look at refinancing into a different type of loan to save money. About half of all ARMs in the U.S. are tied to the LIBOR index and there’s a strong chance that LIBOR-indexed interest rates will continue to increase.
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Also called a variable-rate mortgage, an adjustable-rate mortgage has an interest rate that may change periodically during the life of the loan in accordance with changes in an index such as the U.S. Prime Rate or the London Interbank Offered Rate (LIBOR). Bank of America ARMs use LIBOR as the basis for ARM interest rate adjustments.