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Current 5/1 Adjustable Rate Mortgage (ARM) rates

5/1-Year ARM

Mortgage Rates for May 18 - 25 , 2017*

Product Interest Rate Points National Average
30-Year Fixed 3.95% 0.50 3.95%
15-Year Fixed 3.19% 0.50 3.19%
5/1 ARM 3.07% 0.40 3.07%
*weekly rolling averages

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12/16 1/17 2/17 3/17 4/17 5/17
5/1 ARM 3.23 3.24 3.20 3.21 3.15 3.12
Source: Freddie Mac
  • 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

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simpleloansite.com
  • Fixed Mortgage Rates 3.25% APR
  • Lower Refinance Rates, 15yr Fixed
  • (3.25% APR)
www.ratezip.com

Mortgage Refinance rates in Virginia

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3.000% Rate

5/1 Yr. ARM

3.715% APR

$1,275 / month (est)

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Updated 5/26/2017

National LenderFHA Approved LenderVA Approved LenderMember of BBBLow Fees
  • Get a free and no obligation rate quote in Virginia.
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4.125% Rate

5/1 Yr. ARM

4.086% APR

$1,466 / month (est)

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Updated 5/27/2017

Member of BBBNational LenderExtended Support HoursVA Approved LenderFHA Approved Lender
  • Refinance to a get a lower payment, cash back or a faster payoff.
  • Rates are still low, but they may rise. Lock your rate today.
  • We have the right loans for first-time and experienced home buyers.
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Virginia VA Benefit Survey
Check your VA housing benefit eligibility here! You could be eligible for zero down financing up to $417,000.
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