ddc@arrow.UUCP (DD Choo) (12/20/85)
I just refinanced my mortgage loan on my house with the First Fidelity, gettting 1-yr ARM at the rate of 8.75 %. The adjustable rate is 2.5 above the 1-yr US Treasury Securities index. People at the bank said that it is probably published in Wall Street Journal on Wed., but I could not find it there. Does anybody know where and when the index is published?
pop@mtu.UUCP (Dave Poplawski) (12/24/85)
You can get this information, along with much, much more from Publication #159 (H.15) - Selected Interest Rates and Bond Prices (weekly) put out by the Federal Reserve system. It is free for the asking. Just write to: Publication Services Board of Governers of the Federal Reserve System Mail Stop 138 Washington D.C. 20551 They will send it to you every week. Last year they sent it to me for about six months, then stopped. I don't know if this is their policy or if they just forgot about me. Anyway, I asked for it again and have been receiving it for about a month now. As I said above, there is lots of information on a single sheet of paper. Basically you get daily rates for the week, this weeks and last weeks average, and the average for the month. Interest rates exist for federal funds, commercial paper, CDs, treasury bills, corporate bonds, conventional mortgages, etc. If your mortgage is like mine, you want to look at the treasury constant maturities (1-year), this weeks average. The average for the week Dec. 9 through Dec. 13 was 7.65. -- Dave Poplawski Michigan Technological University uucp: {lanl, ihnp4, glacier}!mtu!pop arpa/csnet: pop%mtu@csnet-relay