Oh, wait, no I wasn't saying that your index is prime. Mine is prime. Yours is the average yield on United States securities. Um, I'm not sure what that one is, though.
But, it looks like it's tied to T-Bills: -1-Year Treasury (1-year T-Bill): This index, sometimes known as a "spot" index, is the weekly average yield on United States Securities adjusted to a constant maturity of one year. This index generally reacts more slowly than the CD index, but faster than the Treasury Average. http://www.tomkelly.com/ref.htm On Fri, 21 Jan 2005 12:47:35 -0800, Sam <[EMAIL PROTECTED]> wrote: > So "The index will be the weekly average yield on United States securities > adjusted to a constant maturity of one year." means the Prime? > > Now I just need to find out what my margin is. > > Deanna Schneider wrote: > > That's commonly how they do ARM's. My HELOC is basically like that - > > it's tied to prime, but there's no margin. So, I just pay prime, > > whatever that is at any given point. > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Find out how CFTicket can increase your company's customer support efficiency by 100% http://www.houseoffusion.com/banners/view.cfm?bannerid=49 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:143884 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
