Real Estate Glossary



  Certificate of Deposit Index

An index that is used to determine interest rate changes for certain ARM plans. It represents the weekly average of secondary market interest rates on six-month negotiable certificates of deposit.

* Also see "Adjustable-Rate Mortgage" entry

 

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Steve Stoddard is a licensed Realtor and broker affiliated with Suburban Realty Inc of Manchester NH and works with clients as both a buyer's agent and a sellers agent in the purchase and sales of single family homes, multi-family homes, and condominiums in the greater Manchester NH area. Suburban Realty, Inc. is an authorized HUD home broker.


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