print email comment close Consumer Handbook on Adjustable Rate Mortgages (ARM) URL: http://files.ots.treas.gov//48981.pdf Description: This fact sheet explains adjustable rate mortgages (ARMs), loans for which "the interest rate changes periodically, usually in relation to an index, and payments may go up or down accordingly." Includes questions to consider, consumer cautions, ideas for reducing risk associated with ARMs, a glossary, and a mortgage checklist for comparing different types of mortgages. Opens directly into a PDF file. From the Federal Reserve Board. Publisher: The Federal Reserve Board Extra Keywords home loans home buying caps points LII Database Information: Record 22827 created by Jennifer English on 10/30/2006 Last modification on 11/25/2008 Published: 11/01/2006   Funding agency: California State Library LII Item ID: http://lii.org/cs/lii/view/item/22827