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Sam Site Admin Joined: 21 May 2005 Posts: 280 Location: CALIFORNIA 116.97 Dollars($)	Posted: Thu Apr 01, 2004 12:23 am    Post subject: Index Index is a published interest rate that is used to establish the interest rate offered on an Adjustable Rate Mortgage (ARM) and on other variable rate loans such as credit card debt. The lenders measure the difference between the current interest rate on an ARM and that earned by other investments. It determines the ARM interest rate increase or decrease. Some of the most common indices of index are: Treasury bills Treasury securities London Inter-Bank Offered Rates (LIBOR) Cost of Funds Index (COFI) Prime rate listed in the Wall Street Journal.

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