Meade Coleman
Meade Coleman
Cell: 803.429.3539
Fax:803.767.4577
Broker-In-Charge
Columbia Real Estate Listings and Home Sales in Richland and
Lexington Counties!
Forest Acres, Blythewood, Irmo, West Columbia
Columbia SC Real Estate Listings, Buying and Selling in Richland and Lexington C

  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.

 

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