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Calculating APOR for 5/1 ARM

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If we have a 5/1 ARM when we use the ARM table do we use 5 yr APOR rate or the 30 yr? A lot of people are saying we should use the 30 yr versus the change date because the rate can actually go down depending on rates?

You use the term to the first rate change date. Open the FFIEC calculator, click on HELP and then search "Variable term".

First published on 3/21/11

First published on 03/21/2011

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