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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 Jul. 24 - 31 , 2015*

Product Interest Rate Points National Average
30-Year Fixed 4.05% 0.12 4.05%
15-Year Fixed 3.36% 0.09 3.36%
5/1 ARM 3.05% 0.07 3.05%
*weekly rolling averages

Hide graph data
1/15 2/15 3/15 4/15 5/15 6/15 7/15
5/1 ARM 3.08 3.08 3.08 2.90 2.96 3.01 3.05
  • 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

  • Fixed Mortgage Rates
  • Lower Refinance Rates, Find New Quotes
  • (2.80% APR)
  • $200k Loan for Under $803/Month
  • Free Home Mortgage Rate Quotes.
  • Compare Rates from Up to 5 Lenders.
  • Lock in Your Low Rate Today!

Mortgage Refinance rates in Virginia

3.875% Rate

5/1 Yr. ARM

3.463% APR

$940 / month (est)

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Updated 8/4/2015

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Other lenders for Mortgage Refinance of $200,000 in Virginia

2.875% Rate

5/1 Yr. ARM

3.110% APR

$830 / month (est)

Updated 8/3/2015

  • Get a customized quote in minutes
  • Free 60-day rate lock and no application fee

2.750% Rate

5/1 Yr. ARM

3.068% APR

$816 / month (est)

Updated 8/3/2015

  • Skip the salesman. Keep the commission!
  • Get online rates, payments and a Good Faith Estimate
  • $1,000 Best Rate Guarantee

2.500% Rate

5/1 Yr. ARM

2.882% APR

$790 / month (est)

Updated 8/3/2015

  • Call Today for our Zero Cost Refinance Program
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  • Direct Lender, Low Rates, Low Fees, Exceptional Service

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 AMERICA MD 410-752-7481 ALL MARYLAND,WASH DC,KY 5/1 30 20 2.75 0.007 650 LIBOR
CITIZENS BANK VA 800-288-5569 ALL VIRGINIA,WASH DC,MD 5/1 30 20 2.875 0 750 LIBOR
CITIZENS BANK NH 603-634-7090 ALL NEW HAMPSHIRE,ME 5/1 30 25 2.875 0 650 LIBOR
FAIRFIELD COUNTY BANK CORP CT 203-438-6518 ALL CONNECTICUT 5/1 30 25 2.625 0 417 1YT
FIRSTBANK OF COLORADO CO 303-232-2000 DENVER METRO 5/1 30 10 3.125 1 417 1YT
OCEAN FIRST BANK NJ 732-240-4500 ALL NEW JERSEY 5/1 30 25 2.75 0 1000 1YT
TD BANK MA 978-556-1031 ALL MASSACHUSETTS 5/1 30 25 3.25 0 1000 LIBOR
TRI CITY NATIONAL WI 414-761-1610 SOUTHEAST WISCONSIN 5/1 30 20 2.99 0 417 1YT
WELLS FARGO HOME MORTGAGE OR 503-225-3574 ALL OREGON 5/1 30 20 3.25 0 417 LIBOR
WELLS FARGO HOME MORTGAGE TX 281-261-1350 ALL TEXAS 5/1 30 20 3.125 0 650 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: 08/04/2015

Latest Yesterday Week Ago
Federal Funds Rate 0.08% 0.14% 0.13%
Discount Rate 0.75% 0.75% 0.75%
Overnight Libor (1 day delay) 0.12% 0.13% 0.13%
Fannie Mae 30/60 3.50% 3.51% 3.61%
6 Month Libor (1 day delay) 0.49% 0.48% 0.47%
10 Year Treasury Security 2.20% 2.28% 2.33%
The Prime Rate 3.25% 3.25% 3.25%

Source: ARMindexes.com