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FHFA Adjustable Rate Mortgage (ARM) Index -. – FHFA Adjustable Rate Mortgage (ARM) Index is the average contract rate reported by a sample of mortgage lenders for fully amortized mortgage loans closed during the.. PDF Consumer Handbook on Adjustable-Rate Mortgages – Consumer Handbook on Adjustable-Rate Mortgages | 7 Loan Descriptions Lenders must give you writt en information on each type

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