2/28 ARM

2/28 ARM

A 2/28 ARM (adjustable-rate mortgage) has an initial interest rate that remains in effect for two years, after which the rate is adjusted annually over the remaining 28 years of the loan.

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National Rates

Loan Type Today
30 Year Fixed   6.20
15 Year Fixed   5.83
5/1 Adjustable   5.76

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