Tag Archives: Adjustable Mortgage Rates

What does the rise of ARMs indicate for the housing market and which areas are experiencing a higher demand for this mortgage product? Here’s what an analysis found.

LIBOR, the index for setting loan rates for reverse and ARM mortgages, is to be replaced by 2021… so what comes next?

A year ago, the 30-year FRM averaged 4.58 percent—its peak in 2013. The average interest rate for a 15-year FRM this week was 3.23 percent (0.6 point), down from 3.24 percent a week ago. Adjustable rates were mixed for the week. According to Freddie Mac, the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.95 percent (0.5 point) in the latest survey, down slightly from last week, while the 1-year ARM edged up to 2.38 percent (0.5 point).