Ok, so in your personal experience, what was the "margin" portion of the adjustable rate mortgage that you had? My numbers look wrong to you because you are co

Ok, so in your personal experience, what was the "margin" portion of the adjustable rate mortgage that you had? My numbers look wrong to you because you are comparing them to your APR. You shouldn't. As I've mentioned before APR = Index + Margin. If index goes down, and margin is fixed, what happens to the APR? You are correct, most people did not get their mortgages in 2008. But the family we are discussing here did. And for anyone with 5/1 ARM taken out in 2004-2008 the rate would have gone down after the fixed period.