– Libor Index, Libor Loans, index history, Adjustable Rate Mortgage ARM.. Many libor loans have "Interest Only" payments and are tied to the current rate of the Libor Index. Fannie Mae & jumbo mortgage rates. Just One Click! = Current Rate Chart.
– the rate is fixed for a period of 7 years after which in the 8th year the loan becomes an adjustable rate mortgage (ARM). The adjustable rate is tied to the 1-year treasury index and is added to a pre-determined margin (usually between 2.25-3.0%) to arrive at your new monthly rate.
Mortgage Rates > Great Southern Bank – Jumbo 5/1 ARM. For example: a 30-year fixed rate loan of $424,100 at 3.50% will have principal and interest of $1,904.00 per month. For adjustable rate mortgage (ARM), after the initial period (60 months), rates and payments will change based on the current index plus a margin each year for the remainder of the term of the loan.
L&N Federal Credit Union – Louisville, KY – Financial Services – L&N Federal Credit Union is a cooperative, not-for-profit financial institution owned and operated by its members exclusively to meet their financial needs.