Adjustable-rate mortgage
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 |
Rates may contain points
