5-year Mortgage Rates

The 5/1 ARM remains the second most popular term with new home buyers who are pretty confident they will be selling the house or refinancing prior to point at 60 months when the loan changes from a fixed to variable interest rate. 5 year mortgage rates are making quite a comeback in the mortgage industry, because the 5/1 ARM provides plenty of time for borrowers to sell or refinance into a more secure loan, like the 30-year fixed rate mortgage.

Get Approved for 5-Year ARM with Rates Starting at 3.5%

The Treasury indexed 5-year ARM rate averaged at 3.5% last month. The 5-year mortgage rate is slightly higher than the 10 year mortgage, but the 5/1 ARM is amortized over 30-years, so the monthly payment is much lower. If you are considering hybrid loan, like the 1-year, 3-year or 5-year, Bridge recommends the five year mortgage because the rates are almost as low as the one or three year terms and it provides more security in case your plans change.

You can choose from a variety of mortgage terms when processing your loan with Bridge.

30-Year Mortgage Rates

15-Year Mortgage Rates

10-Year Mortgage Rates

Refinance Rates

Federal Mortgage Rates

FHA Refinance Rates

5 Year Mortgage Rates


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Mortgage Industry News

According to the Mortgage Bankers Association, the adjusted Purchase Index remained the same from the previous week. MBA reported that refinance applications fell to 65.7% from 66.8% one week prior.

According to the Lead Planet, the market-share for purchase mortgages continues to increase as home prices continue to tumble across the country. According to Bryan Dornan, the founder for the mortgage marketing company said, "More and more loan shops are buying purchase leads because the pool of homeowners that are eligible for refinancing has decreased with tighter loan guidelines and deflated property values.

Helpful Mortgage Resources