5 Year Adjustable Rate Mortgage

Lowest Arm Rates What Is A 5/1 Adjustable Rate Mortgage An Adjustable-Rate Mortgage (Arm) What is an advantage of an adjustable-rate mortgage? A)A borrower. – A drop in interest rates may result in lower monthly payments in ARM.In situations where the rates decline, the Adjustable rate mortgage will.But ARM rates tend to be lower than 30-year fixed loan rates. Bankrate.com’s most recent survey of the nation’s largest mortgage lenders as of april 30 listed a 30-year fixed-rate loan at 4.04 percent.