Is the monthly treasury average index better then a 30 year fixed mortgage?

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Request for Question Clarification by tar_heel_v-ga on 13 Mar 2004 14:40 PST

Are you asking if an Adjustable is better than a fixed?

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Clarification of Question by joeyg-ga on 13 Mar 2004 17:55 PST

Yes, I guess I am. Specifically, over the last 10 years which has has the
average lowest interest rate.

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Request for Question Clarification by tar_heel_v-ga on 13 Mar 2004 21:33 PST

Adjustable rate mortgages will always have a lower initial rate than a
fixed rate.  There are several types of ARMS out there.  Would an
explanation of how ARMS work and a comparison between ARMs and FRMs
suffice as an answer with some historical data as well suffice?

-THV

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Clarification of Question by joeyg-ga on 14 Mar 2004 08:48 PST

Yes, that woild be fine.