Dictionary

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The Mortgage Dictionary contains a comprehensive list of mortgage terms used in the mortgage industry. This specialized dictionary is made available by the 18,000 REALTOR� members of the Houston Association of Realtors �. Please use Term Index section containing an alphabetical list of words with information about them.
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Index
A published interest rate to which the interest rate on an Adjustable Rate Mortgage (ARM) is tied. Some commonly used indices include the 1 Year Treasury Bill, 6 Month LIBOR, and the 11th District Cost of Funds (COFI).