Our Agents | Contact Us | Home
Old Town Real Estate, LLC
538 Bedford Street
P.O. Box 188
Abington, MA 02351
(781) 878-5701 Office
(781) 871-9598 Fax

 
 
Our Listings

Buyers & Sellers
Buyer/Seller Info
  Market Analysis
  Dream Home Finder

Local Area

About Us

Tools & Links

Home
   
   
Real Estate Glossary



  Index

A number used to compute the interest rate for an adjustable-rate mortgage (ARM). The index is generally a published number or percentage, such as the average interest rate or yield on Treasury bills. A margin is added to the index to determine the interest rate that will be charged on the ARM. This interest rate is subject to any caps that are associated with the mortgage.

 

[ Back To Real Estate Glossary ]

   
   

Old Town Real Estate,LLC
538 Bedford Street
P.O. Box 188
Abington, MA 02351
(781) 878-5701 Office
(781) 871-9598 Fax

Real Estate Websites by iHOUSEweb, Inc. ®

Site Admin Menu