# Adjustable Rate and Home Equity Conversion Mortgages-Additional Index
> **US Department of Housing and Urban Development** · Final rule. · Published 2007-07-20 · Effective 2007-08-20 · 72 FR 40048
## Document
- **Document number:** E7-14030
- **Category:** hud-other
- **Agency:** US Department of Housing and Urban Development
- **Federal Register citation:** 72 FR 40048
- **CFR reference:** 24 CFR 203
- **Publication date:** 2007-07-20
- **Effective date:** 2007-08-20
- **Docket:** Docket No. FR-4969-F-02
## Abstract

This final rule adds: The one-year London Interbank Offered Rate (LIBOR) as an acceptable index for the HUD-insured one-, 3-, 5-, 7-, and 10-year Adjustable Rate Mortgage (ARM) products, and the one- month Constant Maturity Treasury (CMT), the one-month LIBOR, and the one-year (12-month) LIBOR as acceptable indices to adjust interest rates on the HUD-insured Home Equity Conversion Mortgage (HECM). Under current regulations, only the weekly average yield of U.S. Treasury securities, adjusted to a constant maturity of one year (commonly referred to as the one-year CMT), may be used to adjust interest rates on HUD-insured ARMs and HECMs. This final rule follows a June 19, 2006, proposed rule and includes HECMs in response to public comment on the June 19, 2006, proposed rule.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2007/07/20/E7-14030/adjustable-rate-and-home-equity-conversion-mortgages-additional-index)
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