7/1 Adjustable Rate Mortgage Arm Mortgage Arm Mortgage – Arm Mortgage – We are most-trusted loan refinancing company. With our help you can save your time and money when buying a home or refinancing your mortgage. online home equity loans closing costs buying a home online mortgage courses.Mortgage Apps See 7.1 percent weekly dip – The adjustable-rate mortgage (ARM) share of activity decreased to 7.1 percent of total applications. The FHA share of total applications decreased to 10.4 percent from 10.5 percent the week prior. The.5 5 Adjustable Rate Mortgage The interest rate that you secure when you first get an adjustable rate mortgage is called the initial rate. In many cases, the lender may offer a fixed rate for a period before the adjustment period begins. PennyMac, for example, offers adjustable rate loans with 3, 5, 7, and 10 years of an.1 Year Adjustable Rate Mortgage What Is 5 1 Arm Mortgage Means No need to give out any personal information or go through a credit check. A 5/1 adjustable rate mortgage (5/1 ARM) is an adjustable-rate mortgage (ARM) with an interest rate that is initially fixed.