Adjustable-rate mortgage

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Adjustable-rate mortgage

An adjustable-rate mortgage, or ARM, is a form of financing secured by real estate which carries an interest rate that may change over the life of the loan. The interest rate on an ARM is defined as a variable financial index plus or minus a margin, such as "1-year Constant Maturity Treasury plus 2.5%."

National Rates

Loan Type Today
30 yr fixed 4.94
15 yr fixed 4.38
5/1 ARM 3.79

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