Current ARM mortgage rates

Today's ARM mortgage rates

For today, Saturday, February 22, 2025, the national average 5/1 ARM interest rate is 6.20%, down compared to last week’s of 6.26%. The national average 5/1 ARM refinance interest rate is 6.22%, down compared to last week’s of 6.27%.

Lenders nationwide provide weekday mortgage rates to our comprehensive national survey. Here you can see the latest marketplace average rates for a wide variety of purchase loans. The interest rate table below is updated daily to give you the most current purchase rates when choosing a home loan. APRs and rates are based on no existing relationship or automatic payments. For these averages, the customer profile includes a 740 FICO score and a single-family residence. To learn more, see understanding Bankrate rate averages. 

During the introductory period, ARM mortgage rates are typically lower than their fixed-rate counterparts. The following table compares ARM rates to rates on other types of loans:

Compare current ARM rates versus other loan types

How to get the best ARM rate

• Step 1: Strengthen your finances - Before applying for an ARM, give your finances a checkup. See if you can improve your credit score, ideally to be “very good” at least. A better credit score, lower debt-to-income (DTI) ratio and higher down payment will result in a more favorable interest rate.
• Step 2: Determine your budget - You’ll need a good handle on how much house you can afford before shopping for an ARM. Using an adjustable-rate calculator can help you estimate how your mortgage payment could swing once the rate adjusts.
• Step 3: Compare ARMs: Compare a variety of ARMs — like 5/1 or 5/6 ARMs, 7/1 ARMs and 10/1 ARMs — to determine which fits you best. The introductory rates are higher on longer-term ARMs, but the tradeoff is that the fixed-rate period lasts longer.
• Step 4: Compare rates and terms from several lenders - Rate-shop with at least three different banks or mortgage companies to find the best ARM offer. Keep an eye on the fine print, understanding the interest rate, fees and rate cap structure for the ARM.

Types of ARM loans

There are several different types of ARM loans. The most common types are known as hybrid ARMs, which have an initial fixed-rate period followed by a floating rate for the remainder of the loan. You might see these listed as 5/6 ARM or a 7/1 ARM, where the first number indicates how long the fixed rate lasts and the second number indicates how often the rate adjusts — “6” for every six months, “1” for annually. Here’s a rundown of the most popular types:

• 3/1 ARM or 3/6 ARM: The first three years have a fixed rate followed by an adjustable rate for the remainder of the loan.
• 5/1 ARM or 5/6 ARM: The first five years have a fixed rate followed by an adjustable rate for the remainder of the loan.
• 7/1 ARM or 7/6 ARM: The first seven years have a fixed rate followed by an adjustable rate for the remainder of the loan.
• 10/1 ARM or 10/6 ARM: The first 10 years have a fixed rate followed by an adjustable rate for the remainder of the loan.

Usually, 5/1 ARMs have the lowest interest rate of the bunch.

ARM loan requirements

When compared to other types of mortgages, ARMs typically have stricter requirements. That’s because lenders need to consider your ability to repay the loan if your rate moves higher.

• Loan amount: In 2025, the limit for a conforming ARM is $806,500 in most areas. You can take on a jumbo ARM which exceeds the conforming loan limit, though both these types of loans might be harder to secure.
• Credit and income: With a higher credit score, you’re more likely to get a competitive interest rate. Lenders will also look at other factors such as other debt and income.
• Down payment: Most conventional ARM loans require as little as 5 percent down.

When is it a good idea to get an adjustable-rate mortgage?

Consider your current financial situation and goals. Here are some scenarios where an ARM might be a good idea:

• You can get a significantly lower APR on the ARM than with a fixed-rate mortgage
• You plan to move or refinance before the initial rate period ends

There are positives and negatives when it comes to ARMs, however. Let’s break down the pros and cons further:

Additional ARM loan resources

• All of your ARM loan questions, answered
• ARM loan calculator
• ARM loan refinance rates

Meet our Bankrate experts

Written by: Andrew Dehan, Writer, Home Lending

I’ve covered mortgages, real estate and personal finance since 2020. At Bankrate, I’m focused on all of the factors that affect mortgage rates and home equity. I enjoy distilling data and expert advice into takeaways borrowers can use. Prior to Bankrate, I wrote and edited for Rocket Mortgage/Quicken Loans. My work has been published by Business Insider, Forbes Advisor, SmartAsset, Crain’s Business and more.

Read more from Andrew Dehan

Edited by: Suzanne De Vita, Senior Editor, Home Lending

I’ve covered the housing market, mortgages and real estate for the past 12 years. At Bankrate, my areas of focus include first-time homebuyers and mortgage rate trends, and I’m especially interested in the housing needs of baby boomers. In the past, I’ve reported on market indicators like home sales and supply, as well as the real estate brokerage business. My work has been recognized by the National Association of Real Estate Editors.

Read more from Suzanne De Vita