Real Estate Glossary



  CD-Indexed (Certificate of Deposit) ARMs

The Certificate of Deposit index represents the weekly average of secondary market interest rates on six-month negotiable CDs. The initial interest rate and payments adjust every six months after an initial six-month period.

ARMs with this index typically come with a per-adjustment cap of 1 percent and a lifetime rate cap of 6 percent.

 

[ Back To Real Estate Glossary ]

STAR Realtors "Moving people...Realtors to the Stars!"972-979-0060 or 214-477-3088


Guest Book | Home | Mortgage Rates | Relocation | Community Info/Links | Contact Carrie

Real Estate Websites by iHOUSEweb, Inc. ®

Site Admin Menu