An adjustable rate mortgage is a loan that bases its interest rate on an index. The index is typically the Libor rate, the fed funds rate, or the one-year Treasury bill. An ARM is also known as an adjustable rate loan, variable rate mortgage, or variable rate loan. Each lender decides how many points it.
Arm Adjustable Rate Mortgage 5 1 Arm Rates today adjustable rate mortgage Refinance Adjustable-rate mortgage calculator – ARM loan calculators – Bankrate.com provides free adjustable rate mortgage calculators and other ARM loan calculator tools to help consumers learn more about their mortgages.