Ballaro Real Estate
Ballaro Real Estate
(203) 255-5255
CALL US !
We Can Help !




Real Estate Glossary

  CD-Indexed (Certificate of Deposit) ARMs

The Certificate of Deposit index represents the weekly average of secondary market interest rates on six-month negotiable CDs. The initial interest rate and payments adjust every six months after an initial six-month period.

ARMs with this index typically come with a per-adjustment cap of 1 percent and a lifetime rate cap of 6 percent.

 

[ Back To Real Estate Glossary ]