1 Year T-bill ARM(Index usually used with 1/1 ARM ) The rate
is fixed for 1 year (this initial rate is sometimes referred to as the teaser
or start rate) after which in the 2nd year the rate will adjust based on the
1-year treasury index which is
added to a pre-determined margin
(typically ranging from 2.25-3.00%) to arrive at the new annual rate. Ask what
the margin, life cap and periodic
payment caps of your Adjustable Rate Mortgage (ARM) will be. The loan is
fully amortized (or paid off) in 30 years if the normal payment schedule is
followed. (Also see anatomy of an
Adjustable Rate Mortgage (ARM) for additional information).
1
Year Treasury Average Adjustable Rate Mortgage (ARM)- the rate is fixed for
1 year (this initial rate is sometimes referred to as the teaser or start rate)
after which in the 2nd year the rate will adjust based on the 1-year treasury
average index which is added to a
pre-determined margin (typically
ranging between 2.25-3.00%) to arrive at the new annual rate. Ask what the
margin, life cap and periodic payment
caps of your Adjustable Rate Mortgage (ARM) will be. The loan is fully
amortized (or paid off) in 30 years if the normal payment schedule is followed.
(Also see anatomy of an Adjustable Rate
Mortgage (ARM) for additional information).
Monthly Treasury
Average Adjustable Rate Mortgage (ARM) (MTA) - the rate is fixed for a 3
month period (this initial rate is sometimes referred to as the teaser or start
rate) after which your rate is based on the monthly treasury average index which is added to a
pre-determined margin (typically
ranging between 2.25-3.00%) to arrive at the new monthly rate. This loan may
also have periodic payment caps as
well as interest rate caps, and therefore could have the potential for negative
amortization. Ask what the margin, life cap and periodic caps of your
Adjustable Rate Mortgage (ARM) will be. (Also see anatomy of an Adjustable Rate Mortgage
(ARM) for additional information)
One Year T-bill Index History
| |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
| 2009 |
0.44 |
0.62 |
0.64 |
0.55 |
0.50 |
|
|
|
|
|
|
|
| 2008 |
2.71 |
2.05 |
1.54 |
1.74 |
2.05 |
2.42 |
2.28 |
2.18 |
1.91 |
1.42 |
1.07 |
0.49 |
| 2007 |
5.06 |
5.05 |
4.92 |
4.93 |
4.91 |
4.96 |
4.96 |
4.47 |
4.14 |
4.10 |
3.50 |
3.26 |
| 2006 |
4.45 |
4.68 |
4.77 |
4.90 |
5.00 |
5.16 |
5.22 |
5.08 |
4.97 |
5.01 |
5.01 |
4.94 |
| 2005 |
2.86 |
3.03 |
3.30 |
3.32 |
3.33 |
3.36 |
3.64 |
3.87 |
3.85 |
4.18 |
4.33 |
4.35 |
| 2004 |
1.24 |
1.24 |
1.19 |
1.43 |
1.78 |
2.12 |
2.10 |
2.02 |
2.12 |
2.23 |
2.50 |
2.67 |
| 2003 |
1.36 |
1.30 |
1.24 |
1.27 |
1.18 |
1.01 |
1.12 |
1.31 |
1.24 |
1.25 |
1.34 |
1.31 |
| 2002 |
2.16 |
2.23 |
2.57 |
2.48 |
2.35 |
2.20 |
1.96 |
1.76 |
1.72 |
1.65 |
1.49 |
1.45 |
| 2001 |
4.81 |
4.68 |
4.30 |
3.98 |
3.78 |
3.58 |
3.62 |
3.47 |
2.82 |
2.33 |
2.18 |
2.22 |
| 2000 |
6.12 |
6.22 |
6.22 |
6.15 |
6.33 |
6.17 |
6.08 |
6.18 |
6.13 |
6.01 |
6.09 |
5.60 |
| 1999 |
4.51 |
4.70 |
4.78 |
4.69 |
4.85 |
5.10 |
5.03 |
5.19 |
5.25 |
5.43 |
5.55 |
5.84 |
| 1998 |
5.24 |
5.31 |
5.39 |
5.38 |
5.44 |
5.41 |
5.36 |
5.21 |
4.71 |
4.12 |
4.53 |
4.52 |
| 1997 |
5.61 |
5.53 |
5.80 |
5.99 |
5.87 |
5.69 |
5.54 |
5.56 |
5.52 |
5.46 |
5.46 |
5.53 |
| 1996 |
5.09 |
4.94 |
5.34 |
5.54 |
5.64 |
5.81 |
5.85 |
5.85 |
5.83 |
5.55 |
5.42 |
5.47 |
| 1995 |
7.05 |
6.70 |
6.43 |
6.27 |
6 |
5.64 |
5.59 |
5.75 |
5.62 |
5.59 |
5.43 |
5.31 |
| 1994 |
3.54 |
3.87 |
4.32 |
4.82 |
5.31 |
5.27 |
5.48 |
5.56 |
5.76 |
6.11 |
6.54 |
7.14 |
| 1993 |
3.50 |
3.39 |
3.33 |
3.24 |
3.36 |
3.54 |
3.47 |
3.44 |
3.36 |
3.39 |
3.58 |
3.61 |
| 1992 |
4.15 |
4.29 |
4.63 |
4.30 |
4.19 |
4.17 |
3.6 |
3.47 |
3.18 |
3.30 |
3.68 |
3.71 |
| 1991 |
6.64 |
6.27 |
6.40 |
6.24 |
6.13 |
6.36 |
6.31 |
5.78 |
5.57 |
5.53 |
4.89 |
4.38 |
| 1990 |
7.92 |
8.11 |
8.35 |
8.40 |
8.32 |
8.10 |
7.94 |
7.78 |
7.76 |
7.55 |
7.31 |
7.05 |
| 1989 |
9.05 |
9.25 |
9.57 |
9.36 |
8.98 |
8.44 |
7.89 |
8.18 |
8.22 |
7.99 |
7.77 |
7.72 |
| 1988 |
6.99 |
6.64 |
6.71 |
7.01 |
7.40 |
7.49 |
7.75 |
8.17 |
8.09 |
8.11 |
8.48 |
8.99 |
| 1987 |
5.78 |
5.96 |
6.03 |
6.5 |
7 |
6.8 |
6.88 |
7.03 |
7.67 |
7.59 |
6.96 |
7.17 |
| 1986 |
7.73 |
7.61 |
7.03 |
6.44 |
6.65 |
6.73 |
6.27 |
5.93 |
5.77 |
5.72 |
5.8 |
5.87 |
| 1985 |
9.02 |
9.29 |
9.86 |
9.14 |
8.46 |
7.8 |
7.86 |
8.05 |
8.07 |
8.01 |
7.88 |
7.68 |
The 1 Year T-Bill Index is the most commonly offered index for
Adjustable Rate Mortgages. It is considered to be more volatilte than the COFI
Index (11th District Cost of Funds Index)
Webmasters please feel free to link to this page.
Just copy and paste this code into your site:
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