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Adjustable-Rate Mortgage Spreads

ARM Type Index
Value
Effective
Margin
OAS ZVO
GNMA
03/31/04 1.17 191.0 122.0 121.0
Previous Week 1.18 181.0 122.0 121.0
         
Conventional- 1-Year CMT
03/31/04 1.17 151.0 163.0 164.0
Previous Week 1.18 138.0 147.0 149.0
         
Conventional- Cofi- 11th
03/31/04 1.841 118.0 116.0 199.0
Previous Week 1.811 111.0 94.0 178.0
         
Source: Capital Management Sciences
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