Mortgage ARM Indexes

Common Mortgage Indices
Last Updated August 9, 1999

here are many indexes used for adjustable rate mortgages (ARMs).
The three most common indexes are:

1 Year US Treasury Security Adjusted to a Constant Maturity (CMT)
Cost of Funds of the 11th District Federal Home Loan Bank (COFI)
London InterBank Offering Rate (LIBOR) -- Monthly

The following graph and table compare the three common indexes.

Texas Mortgage Arm Index

1999 ARM Indices
Index Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

CMT 4.51 4.70 4.78 4.69 4.85 5.10 5.03

COFI 4.61 4.56 4.52 4.49 4.48 4.50

LIBOR 4.95 5.00 4.94 4.90 4.93 5.22 5.18

1998 ARM Indices
Index Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

CMT 5.24 5.31 5.39 5.38 5.44 5.41 5.36 5.21 4.71 4.12 4.53 4.52

COFI 4.98 4.97 4.92 4.90 4.88 4.88 4.91 4.89 4.88 4.76 4.69 4.66

LIBOR 5.70 5.79 5.72 5.69 5.69 5.75 5.69 5.73 5.40 5.27 5.05 5.12

1997 ARM Indices
Index Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

CMT 5.61 5.53 5.80 5.99 5.87 5.69 5.54 5.56 5.52 5.46 5.46 5.53

COFI 4.82 4.76 4.78 4.82 4.86 4.85 4.89 4.90 4.94 4.96 4.95 4.96

LIBOR 5.46 5.47 5.72 5.70 5.71 5.72 5.64 5.68 5.67 5.63 5.76 5.85

1996 ARM Indices
Index Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

CMT 5.09 4.94 5.34 5.54 5.64 5.81 5.85 5.85 5.83 5.55 5.42 5.47

COFI 5.03 4.98 4.87 4.84 4.82 4.81 4.82 4.84 4.83 4.84 4.84 4.84

LIBOR 5.47 5.35 5.45 5.45 5.45 5.52 5.49 5.43 5.44 5.38 5.39 5.55

1995 ARM Indices
Index Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

CMT 7.05 6.70 6.43 6.27 6.00 5.64 5.59 5.75 5.62 5.59 5.43 5.31

COFI 4.75 4.93 5.01 5.06 5.14 5.18 5.14 5.13 5.11 5.17 5.20 5.06

LIBOR 6.08 6.13 6.14 6.08 6.06 6.08 5.89 5.91 5.92 5.84 6.03 5.74

1994 ARM Indices
Index Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

CMT 3.54 3.87 4.32 4.82 5.31 5.27 5.48 5.56 5.76 6.11 6.54 7.14

COFI 3.71 3.69 3.63 3.67 3.73 3.80 3.86 3.95 4.04 4.19 4.37 4.59

LIBOR 3.14 3.59 3.70 3.94 4.38 4.56 4.52 4.88 5.00 5.08 6.00 5.99

1993 ARM Indices
Index Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

CMT 3.50 3.39 3.33 3.24 3.36 3.54 3.47 3.44 3.36 3.39 3.58 3.61

COFI 4.36 4.33 4.24 4.17 4.10 4.05 4.00 3.96 3.88 3.82 3.82 3.88

LIBOR 3.20 3.20 3.20 3.14 3.20 3.20 3.19 3.20 3.19 3.19 3.58 3.30

1992 ARM Indices
Index Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

CMT 4.15 4.29 4.63 4.30 4.19 4.17 3.60 3.47 3.18 3.30 3.68 3.71

COFI 6.00 5.80 5.61 5.43 5.29 5.26 5.07 4.87 4.80 4.60 4.51 4.43

LIBOR 4.14 4.25 4.25 3.97 4.07 3.92 3.39 3.50 3.19 3.28 3.17 3.34

1991 ARM Indices
Index Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

CMT 6.64 6.27 6.40 6.24 6.13 6.36 6.31 5.78 5.57 5.33 4.89 4.38

COFI 7.86 7.84 7.65 7.50 7.33 7.15 7.00 6.84 6.71 6.57 6.41 6.24

LIBOR 6.97 7.06 6.33 6.08 5.95 6.08 5.95 5.75 5.50 5.25 4.81 4.24

1990 ARM Indices
Index Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

CMT 7.92 8.11 8.35 8.40 8.32 8.10 7.94 7.78 7.76 7.55 7.31 7.05

COFI 8.37 8.40 8.26 8.26 8.17 8.09 8.11 8.07 8.09 8.05 8.04 7.96

LIBOR 8.13 8.38 8.38 8.56 8.31 8.33 8.06 8.13 8.30 7.94 9.13 7.64

<< Back

Next Step: Tax savings

Information subject to change at any time for any reason.
Privacy, Licensing and Security, All Rights Reserved