What Happens to Your ARM Rate When the Index It’s Tied to Gets Discontinued

Over $1.3 trillion in U.S. consumer ARMs were affected when LIBOR was phased out. Federal rules now require lenders to substitute a comparable index — here's how that works.

Over $1.3 trillion in U.S. consumer ARMs were affected when LIBOR was phased out. Federal rules now require lenders to substitute a comparable index — here's how that works.