Do you know the real price of your ARM?

'Fully indexed rate' the best indicator
Published on Feb 2, 2004

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by CareyBot

Adjustable-rate mortgages are complicated instruments. No one characteristic fully describes one. This is why, when readers ask me for the pros and cons of COFI ARMs, or Libor ARMs, or flexible payment ARMs, I get heartburn. You can’t assess an ...