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Current 5/1 Year Adjustable Rate Mortgage (ARM) rates from lenders in the HSH editorial survey

5/1-Year ARM

Mortgage Rates for May 15 - 22 , 2015*

Product Interest Rate Points National Average
30-Year Fixed 3.97% 0.11 3.97%
15-Year Fixed 3.25% 0.12 3.25%
5/1 ARM 2.96% 0.07 2.96%
*weekly rolling averages

Hide graph data
11/14 12/14 1/15 2/15 3/15 4/15 5/15
5/1 ARM 3.10 3.11 3.08 3.08 3.08 2.90 2.95
  • Rate changes: Fully variable, typically changing at one-year intervals; some have shorter change intervals
  • Benefits: Can have lowest interest rates, but qualification may not depend upon today's interest rate
  • Alternative Strategy: Consider Hybrid ARM to ameliorate rate and payment risks for a given period
  • Useful for: Purchasing or refinancing when interest rates are near top of cycle, and are likely to fall, or sale or refinance is anticipated within three years
  • Consider if: Buying or refinancing when income can handle frequent payment changes and worst-case scenario for rates over a four-year period
  • When shopping, ask about: A history of the index the loan is governed by, margin and caps

  • Loans for Military & Veterans Only
  • Reduced Interest Rates & Fees
  • 100% Financing Available
  • 2.75% Mortgage Rates
  • Lower Refinance Rates, Find New Quotes
  • (2.83% APR)

Mortgage Refinance rates in Virginia

2.750% Rate

5/1 Yr. ARM

3.067% APR

$816 / month (est)

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Updated 5/22/2015

  • Get a customized quote in minutes
  • Free 60-day rate lock and no application fee
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VA Loans For Veterans
  • VA Loans = No Mortgage Insurance
  • 100% Financing, No Down Payment
  • Active or Retired VA Status Ok
Learn More
Mortgage Rates From 2.75% (3.01% APR)
  • $200k Loan for Under $816/Month
  • Free Home Mortgage Rate Quotes.
  • Compare Rates from Up to 5 Lenders.
  • Lock in Your Low Rate Today!
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Here's a small random sample of loan rates drawn from the survey of objective information we collect every day. Our database contains current data on thousands of loans from lenders coast to coast -- including jumbo loans.

Unlike other 'surveys,' and other Web sites, the below mortgage rates are not advertisements. HSH contacts lenders across the country every week -- the same objective survey we've conducted for over 30 years. Our data is so reliable that it's used by Fortune 500 companies, government agencies, the media, and other clients.

These are representative of loans which may be offered in your area, but we don't claim that these are the "best" available. There are many factors which make the "best" loan dependent upon your individual circumstance.

Ready to order your comprehensive list of local lenders? We can email the latest mortgage report to you for just $10 (plus $1 s/h). It includes the application fee, APR, rate-lock info, index, margin, and caps on 3 or more loans per lender. Or you can order it as part of our Homebuyer's Mortgage Kit, which is just $20 (plus $3 s/h).

List of Areas List of Areas

To order a report for your area by Phone, just call 1-800-873-2837 (Mon-Fri, 9am-5pm Eastern time); Visa and MasterCard accepted.

All information is Copyright © 2015, HSH Associates, Financial Publishers, Riverdale NJ. All rights reserved.

Lender State Phone Lending Area % Adjustment
Term % down
Rate %
Maximum Loan
BANK OF THE WEST AZ 520-544-4700 ALL ARIZONA,CO,MN,NE 5/1 30 20 3.25 0.25 417 LIBOR
FIDELITY BANK GA 404-553-2900 ALL GEORGIA 5/1 30 20 2.5 1 417 LIBOR
FLAGSTAR BANK MI 248-312-5400 ALL MICHIGAN 5/1 30 20 3.25 0 1500 LIBOR
N V E BANK NJ 201-816-2800 ALL NEW JERSEY 5/1 30 25 2.875 0 750 1YT
SALISBURY BANK & TRUST CT 860-435-9801 LTCHFD CT,DTCHS NY,BERKS MA 5/1 30 20 3.125 0 650 1YT
STURDY SAVINGS BANK NJ 609-463-5206 CAPE MAY 5/1 30 20 3.5 0 417 1YT
SUNTRUST MORTGAGE VA 703-691-4520 WASHINGTON DC METRO 5/1 30 20 3.1 0 1000 LIBOR
WHITNEY BANK TX 713-951-6120 HOUSTON METRO 5/1 30 20 3.25 0 417 LIBOR


Be sure to see our other loan samples:
15-Year FRMs30-Year FRMs1-Year ARMs


  • All interest rates and terms are subject to change without notice.
  • These lenders offer many different loan programs. If you want one that isn't listed, contact the lender directly.
  • The conforming loan limit for a one-family home is $417,000; two- to four-family homes have higher loan amounts.
  • Lenders which offer conforming loans almost always offer jumbo loans as well.

Column heading key

Lender: The institution. If a credit union, you'll need to contact them for membership information and details.

State: The state in which the lender is located.

Phone: The lender's contact number.

Lending Area: The area which the listed office serves.

Adjustment Period: How often the interest rate adjusts (in years).

Term:The total term of the mortgage.

Down Payment: The required down payment for the listed loan.

Interest Rate: The interest rate being charged for the listed loan.

Points: A fee, expressed as a percentage of the loan amount.
One point is equal to a 1% fee; a 1% fee on $100,000 would be a $1000 fee.

Maximum Loan: The maximum dollar amount available at the listed rates and terms.

Index Used: The name of the index used to govern rate changes.

Daily US & International Rates - Last update: 05/22/2015

Latest Yesterday Week Ago
Federal Funds Rate 0.12% 0.12% 0.13%
Discount Rate 0.75% 0.75% 0.75%
Overnight Libor (1 day delay) 0.12% 0.12% 0.12%
Fannie Mae 30/60 3.46% 3.49% 3.50%
6 Month Libor (1 day delay) 0.42% 0.42% 0.41%
10 Year Treasury Security 2.26% 2.27% 2.28%
The Prime Rate 3.25% 3.25% 3.25%

Source: ARMindexes.com