– 10/1 Adjustable Rate Mortgage- 10 year rates mortgage Adjustable Rate Mortgage. 10/1 ARM – the rate is fixed for a period of 10 years after which in the 11th year the loan becomes an adjustable rate mortgage (ARM).. Just One Click = Today’s Rate Chart.
Mortgage rates decline for Monday – Multiple key mortgage rates sunk lower today. The average rates on 30-year fixed and 15-year fixed mortgages both tapered off. Meanwhile, the average rate on 5/1 adjustable-rate mortgages also sunk.
See 3/1 and 5/1 ARM Mortgage Rates Low and Attractive – Refi Guide – Today's ARMs also have maximum caps on the top interest rate you will have to. If the interest rate on a 5/1 ARM is .5% lower than a fixed rate mortgage, this.