Schweitzer, Mark E; Venkatu, Guhan - In: Economic Commentary (2009) Jan
Adjustable-rate mortgages have typically been tied to either of two indexes, one based on U.S. treasuries, the other on the London interbank offered rate, or Libor. The index is used to determine a mortgageās new interest rate when it is reset, and up until recently, the choice would have made...