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Out of all the things that banks tie their ARM's too what is the best index for me the consumer?
Tibor
10 Year Treasury
Sure there a lot of others.
Thanks for any insight on this.
The index used in ARM mortgages are all very stable so it does not really matter. Its not like there are a huge number of index choices. The caps on ARMs is more important than the index used ... in my opinion.
What are the other indexes that are commonly used?