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Adjustable-Rate Mortgage Spreads

ARM Type Index
Value
Effective
Margin
OAS ZVO
GNMA
05/05/04 1.55 127.0 65.0 75.0
Previous Week 1.5 155.0 71.0 78.0
         
Conventional- 1-Year CMT
05/05/04 1.55 142.0 151.0 153.0
Previous Week 1.5 121.0 141.0 144.0
         
Conventional- Cofi- 11th
05/05/04 1.815 118.0 68.0 136.0
Previous Week 1.841 116.0 89.0 158.0
         
Source: Capital Management Sciences
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