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For an adjustable-rate mortgage (ARM), what are the index and margin, and how do they work?

  • Listed: August 12, 2022 11:11 pm
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For an adjustable-rate mortgage (ARM), what are the index and margin, and how do they work?

For an adjustable-rate mortgage, the index is a benchmark interest rate that reflects general market conditions and the margin is a number set by your lender when you apply for your loan. The index and margin are added together to become your interest rate when your initial rate expires.

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