Real Estate City Information: Mortgages

Adjustable-Rate Mortgages (ARMs)

Treasury-Indexed ARMs: These are tied to the weekly average yield of U.S. Treasury Securities adjusted to a constant maturity of six months, one year, or three years. Likewise, the interest rate on your ARM will adjust once every six months, once each year, or once every three years, depending on the schedule you choose. Per-adjustment caps and lifetime rate caps also vary.