Finance & markets · 09/07/2019Updated: 10/17/2026 · 1 min read
FHFA Designates Replacement Index for Adjustable Rate Mortgage Loans
Summary
The Federal Housing Finance Agency (FHFA) has discontinued its monthly index for adjustable rate mortgage loans due to low participation from mortgage originators, and is designating a new index called PMMS+, which will be an adjusted version of Freddie Mac's Primary Mortgage Market Survey 30-Yr FRM, effective immediately.