Last reviewed 08-20-2026Short-Sale.com Editorialglossary
CURRENT INDEX
California Department of Real Estate
Updated 08-20-2026
CURRENT INDEX
With regard to an adjustable rate mortgage, the current value of a recognized index as calculated and published nationally or regionally. The current index value changes periodically and is used in calculating the new note rate as of each rate adjustment date.
California Department of Real Estate Glossary
California Department of Real Estate · p. 10
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