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#901790 - 02/07/08 09:36 PM Rate Spread on ARMs
complyorelse Offline
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Joined: Nov 2007
Posts: 442
U.S.
When calculating the rate spread on an ARM, do you use the shorter adjustable rate term (ie 3/5/7 yr.) or the full term (ie 30 yrs.)?

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#901795 - 02/07/08 09:39 PM Re: Rate Spread on ARMs complyorelse
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 46,858
Bloomington, IN
You base it on the maturity date.
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The opinions expressed are mine and they are not to be taken as legal advice.

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