The 30-year rate stood at 4.10 percent a year ago. The rate on 15-year. unchanged from last week. Fees for five-year adjustable mortgages also held steady, at 0.4 percent. The Seattle Times does.
The 5/1 hybrid adjustable-rate mortgage, also known as a 5-year ARM, is a hybrid mortgage that offers an initial five-year fixed-interest rate before the rate becomes adjustable. more Variable.
Data from the Mortgage Bankers Association covering early 2016 says that fixed-rate loans for terms other than 30 or 15 years, primarily 20 or 10-year mortgage loans, represented 18 percent of all refinances (an increase of 57 percent from the previous year).
A 10-year adjustable mortgage is a 30-year loan that features a fixed rate for the first 10 years. After the initial fixed rate , your interest rate can change year to year until you Adjustable-rate mortgages often feature lower rates and payments early in the term compared to fixed-rate mortgages.
Estimated monthly payments shown include principal, interest and (if applicable) any required mortgage insurance. arm interest rates and payments are subject to increase after the initial fixed-rate period (5 years for a 5/1 ARM, 7 years for a 7/1 ARM and 10 years for a 10/1 ARM).
Compare Adjustable-Rate Mortgages Adjustable-rate loan with an initial fixed-rate period of 3, 5, 7 or 10 years, Interest rate adjusts annually the year following the initial fixed-rate period. Index is based on weekly average yield of one-year Treasury Constant Maturity (TCM)..
The yield on the 10-year note was 2.48% late Wednesday. The average rate for five-year adjustable-rate mortgages fell to 3.63% from 3.68% last week. The fee remained at 0.4 point.
A 10/1 ARM (adjustable-rate mortgage) is often one of the best alternatives to choosing a 30-year fixed-rate mortgage. Here are the basics of the 10/1 ARM and what it can provide to you as a consumer. What Does 10/1 Mean? The 10 means that you will have 10 years of a fixed interest rate.
Fixed Home Mortgage Rates 10 Year Interest Only Mortgage rate 15 year mortgage rate history Historical Mortgage Rates and Historical ARM Index Rates.. historical rates data by Month/Year. Monthly Data by Year. 30 year fixed (data from 1986 to 2016) 15 year fixed (data from 1986 to 2016) 1 year arm (data from 1986 to 2016) ARM Indexes. Weekly Treasury Securities (TCM)