Adjustable Rate Mortgage
Adjustable rate mortgages (ARMs), also known as a variable rate mortgage, is a type of home loan that has a variable interest rate that changes over time. Unlike a fixed rate mortgage, where the interest rate remains the same for the life of the loan, the interest rate on an ARM can fluctuate based on the market.
Today’s Mortgage Rates
| Product | Term (Years) | Current Rate | Points | New APR | Monthly Payment Per $1,000 Borrowed | Apply |
|---|---|---|---|---|---|---|
| 7/1* | 30 | 4.990% | 0 | 5.774% | $5.36 | GET STARTED |
| 15/1 ARM** | 30 | 5.550% | 0 | 5.478% | $5.68 | GET STARTED |