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	<title>Mortgage Explained &#187; adjustable mortgage</title>
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		<title>Adjustable Rate Mortgage</title>
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		<pubDate>Tue, 12 Jan 2010 15:46:07 +0000</pubDate>
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				<category><![CDATA[General]]></category>
		<category><![CDATA[adjustable mortgage]]></category>
		<category><![CDATA[Adjustable Rate Mortgage]]></category>

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Adjustable Rate Mortgage is a type of mortgage loan where the interest on the promissory note is adjusted based on numerous indices. The most common indices that are used for an adjustable mortgage are constant-maturity Treasury (CMT) securities, the Cost of Funds Index (COFI), and the London Inter-bank Offered Rate (LIBOR).

Some lenders use their own [...]]]></description>
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