01/03/2016  · Compare today’s 3/1 ARM rates from top mortgage lenders. Find out if a 3/1 adjustable rate mortgage is the right type of home loan for you.

Contents Rate mortgage (arm Interest rates. economy. housing adjustable rate mortgage periodically. compare adjustable-rate mortgage options Mortgage rates today 15 year fixed rate With rates near historical lows, locking in today’s rates for the long term could make sense for many borrowers.

Use annual percentage rate APR, which includes fees and costs, to compare rates across lenders.Rates and APR below may include up to .50 in discount points as an upfront cost to borrowers. Select product to see detail. Use our Compare Home Mortgage Loans Calculator for rates customized to your specific home financing need.

Adjustable Rate Mortgage Adjustable-rate mortgage (ARM) Also called a variable-rate mortgage, an adjustable-rate mortgage has an interest rate that may change periodically during the life of the loan in accordance with changes in an index such as the U.S. Prime Rate or the London Interbank Offered Rate (LIBOR).

Mortgage Rates Help. Select which type of mortgage you are shopping for: a 30-year fixed-rate loan, a 15-year fixed, an FHA-insured loan, an adjustable-rate mortgage (ARM) with an introductory rate lasting 5 or 7 years, a 20-year fixed, and 10-year fixed or a 30-year Veterans Affairs loan. Type the price of the home you are looking to buy.

How To Decide Between a Fixed and Adjustable Rate. Weighing the pros and cons of a fixed rate mortgage vs. adjustable rate mortgage (ARM) can be complicated.

Variable Rates Mortgages Variable Rate Mortgages. Your rate changes based on CIBC’s prime rate—–You get a 5 year term + the option to switch to a fixed rate mortgage—–You get flexible repayment options * Conditions and restrictions apply; ask for details.

Adjustable rate mortgages (ARMs) start with lower loan rates that grow with time. Learn more about ARM loans and get a quote online today. You deserve the best.. Take advantage of a lower introductory rate with an Adjustable Rate Mortgage (ARM). These loans generally start with a lower rate.

1 Rates are based on evaluation of credit history, loan-to-value, and loan term, so your rate may differ. Rates subject to change at any time. Rates quoted above require a loan origination fee. The loan origination fee may be waived for a 0.25% rate increase.

A 5 year ARM, also known as a 5/1 ARM, is a hybrid mortgage. A hybrid mortgage combines features from an adjustable rate mortgage (ARM) and a fixed .

5 1 Arm Jumbo Rates Adjustable Rate Mortgage Rates A 5/1 adjustable rate mortgage (5/1 ARM) is an adjustable-rate mortgage (ARM) with an interest rate that is initially fixed for five years then adjusts each year. The “5” refers to the number.5/1Arm With the 5/1 ARM, any rate improvement would be realized within a year, when the annual adjustment is due. Of course, if the associated index was simply rising over time, it could mean a 1% higher mortgage rate year after year, pushing that 2.5% rate to 5.5% after three years, and even higher after that.5/1 ARM Mortgage Rates. NerdWallet’s mortgage comparison tool can help you compare 5/1 ARMs a and choose the one that works best for you. Just enter some information and you’ll get customized.

Mortgage rates trends today – Use our online calculator to determine whether you should refinance your mortgage, it estimate the amount of money a refinancing could.

With an adjustable-rate mortgage (ARM), your loan will have an initial fixed-rate period. After the fixed-rate period, your interest rate will adjust up or down according to market rates at the time of reset.