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5/1 ARM Adjustable Rate Mortgage

5/1 ARM chart

5/1-Year ARM

Mortgage Rates for Feb. 14 - 21 , 2019*

ProductMortgage RatesPoints
30-Year Fixed4.35%0.50
15-Year Fixed3.78%0.40
5/1 ARM3.84%0.30


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8/189/1810/1811/1812/181/192/19
5/1 ARM3.843.944.084.114.023.913.88
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

Here are current 5/1 Year ARM Mortgage Rates

  • LoanDepot, LLC: 6.000% Rate (5.565% APR), $931/ month (est)
  • CloseYourOwnLoan.com: 3.375% Rate (4.736% APR), $663/ month (est)

  • HARP 2.0 Home Refinance
  • No appraisal! No Out of Pocket Costs!
  • Lenders Compete and You Save!
www.refinanceetc.net
  • No Appraisal, No MAX LTV, 3.5 APR
  • View Instant Rates & Payments
  • BBB A+, No Login, No SSN
www.harp-2.org/refinance.com

5/1 ARM rates in Virginia

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6.000% Rate

5/1 Yr. ARM

5.565% APR

$931 / month (est)

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Updated 2/22/2019

National LenderFHA Approved LenderVA Approved LenderMember of BBBLow Fees
  • Historically Low Interest Rates - $100 Billion Funded
  • Cash-Out and Debt Consolidation Options
  • No Lender Closing Cost Options Available

3.375% Rate

5/1 Yr. ARM

4.736% APR

$663 / month (est)

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Updated 2/20/2019

Member of BBBNational LenderLow FeesImmediate Rate LockVA Approved Lender
  • Skip the salesman. Keep the commission!
  • Get online rates, payments and a Good Faith Estimate
  • $1,000 Best Rate Guarantee
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Mortgage Rates from 2.7%
  • Cash Out & Home Equity Options
  • Calculate New Rate & Payment
  • Fixed FHA, VA, Conventional 30 & 15 Year Rates
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HARP Expired, But You May Qualify For An Even Better Program
  • HARP Saved You $4,264 Each Year - This Program May Save You More
  • Lower Your Interest Rate!
  • See if You Qualify in 2 Minutes
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Find out if you are pre-approved for a mortgage
  • Free mortgage rate quotes
  • Compare rates from up to 5 lenders
  • Select the personalized loan program that suits you best
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