Finance
An adjustable-rate mortgage (ARM) in Virginia has a rate that is tied to:
AThe Virginia prime rate set by VREB
BA publicly published index plus a margin✓ Correct
CThe lender's discretion with no limits
DThe Federal Reserve discount rate only
Explanation
ARM rates are tied to a publicly published index (such as SOFR or Treasury bills) plus a lender's margin. The total of index + margin equals the fully indexed rate.
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