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CD-Indexed (Certificate of Deposit) ARMs The Certificate of Deposit index represents the weekly average of secondary market interest rates on six-month negotiable CDs. The initial interest rate and payments adjust every six months after an initial six-month period.
ARMs with this index typically come with a per-adjustment cap of 1 percent and a lifetime rate cap of 6 percent.
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Selling Salinas and Monterey County Real Estate
Salinas Realtor Noe Renteria. 831-449-5126
RE/MAX Real Estate Service 362 Main Street Salinas CA 93901, CA DRE License #01277574
Serving Salinas, Prunedale, Soledad, Seaside and Monterey County
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