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What is an 1/1 ARM?
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Last Updated
20th of November, 2009

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A 1/1 ARM is an adjustable-rate mortgage that has a set initial interest rate for the first year. After that period, the mortgage rate adjusts each year. Each annual rate adjustment is based on (or “indexed to”) another rate, often the yield on a U.S. Treasury note.

Learn more about the homebuying process if you're thinking about buying or refinancing a home.

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