Added to the Index of the Adjustable Rate Is a Margin

question 9

Multiple Choice

Added to the index of the adjustable rate is a margin, which is the lender's "markup." For standard Adjustable Rate Mortgage (ARM) loans, the average industry margin has been stable at approximately:

• A) 75 basis points
• B) 175 basis points
• C) 275 basis points
• D) 375 basis points

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Definitions:

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