What are current ARM rates? In February, 7/1 ARM rates and 5/1 ARM rates averaged around 6.58% and 6.61%, respectively, according to Zillow data. These rates are down from where they were the ...

For example, a 5/1 ARM will have the same rate for the first five years, then can adjust each year after that—meaning the rate might go up or down, based on the market. An ARM isn’t for everyone.

With ARM rates now adjusting to 7% APR or higher, significant payment increases could be on the horizon. For example, if you secured a 5/1 ARM at 4.5% five years ago on a $400,000 mortgage ...

Today, a well-qualified borrower can get an adjustable-rate mortgage or ARM at under 6%, locked in for the first seven years.

A 5-year adjustable rate mortgage ... in your interest rates. Rate cap: The maximum amount your loan’s interest rate can increase for each designated period of time. 2/1/5: Tells you the ...

A five-year ARM is available as low as 5.99% to 6.625%, depending on down payment, loan amount, etc., with 1 point cost. The comparable fixed rate loan would be anywhere from 6.625% to 7% ...