Would someone please confirm for me if this is just for capturing the rate on an ARM loan? Thank you.

“Average Prime Offer Rates- Adjustable” Table
The "Average Prime Offer Rates-Adjustable" table is provided by the FFIEC for use in calculating the rate spread data on HMDA reportable loans with an adjustable amortization effective October 1, 2009 and forward. The Average Prime Offer Rates-Adjustable table is available in ASCII comma delimited format to view, print or download.

The average prime offer rates posted in the adjustable table represent derived and estimated rates. The term ‘rates’ will be used consistently to represent the APRs in the “Average Prime Offer Rates” tables.

Anyone? Am I offbase on this? Just trying to be sure I understand what this is asking for? Thank you.

Yes, the adjustable rate table is used for ARM loans, and the fixed rate table is used for fixed rate loans to perform the TILA/HMDA rate spread calculation (for applications on or after 10/1/2009).

Thank you very much for confirming this for me!