Interest Rate Tied To An Index That May Change – Westside. – Contents Note periodically adjusted based High interest rates Consumer price index rose The greenback rebounded from earlier losses tied to a disappointing. In late U.S. trading, an index that tracks the dollar against the euro, yen, sterling and three other currencies was up 0.21% at. A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker.
Adjustable-Rate Mortgages and the Libor Surprise – Adjustable-rate mortgages have typically been tied to either of two indexes, one based on U.S. treasuries, the other on the London interbank offered rate, or Libor. The index is used to determine a mortgage’s new interest rate when it is reset, and up until recently, the choice would have made little difference.
CORRECTED: Fed cuts and stimulus package won’t stem foreclosures – In addition, the rates on most of these subprime mortgages only adjust up and never down, regardless of interest rate conditions in the market. Over the next year about $165 billion in prime.