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Freddie Mac: Initial Interest Adjustable-rate Mortgages We also offer 3/1, 5/1 and 7/1 CMT- or LIBOR-indexed ARMs with a 10-year interest-only period, then a fully amortizing adjustable-rate period for the Countrywide Hot Products Compared to a 30-year fixed rate loan, the monthly payment savings for the first five years with a 5/1 ARM can be very compelling. Find Rates: Mortgage Center - Yahoo! Finance 30-yr Fixed, 15-yr Fixed, 1 yr ARM, 30-yr Fixed Jumbo, 5/1 ARM, 5/1 Jumbo ARM, 3/1 ARM, 7/1 ARM, 10/1 ARM, 15 yr fixed jumbo mtg, 20 yr fixed mtg Glossary 5/1 ARM An adjustable-rate mortgage (ARM) with an initial fixed-rate period of 5 years. The interest rate then adjusts annually, and can move up or down as Adjustable Rate Mortgages - How to Decide if an ARM Is Right for You You may see an ARM described with figures such as 1-1, 3-1, and 5-1. The first figure in each set refers to the initial period of the loan, during which
Glossary 5/1 ARM An adjustable-rate mortgage (ARM) with an initial fixed-rate period of 5 years. The interest rate then adjusts annually, and can move up or down as Adjustable Rate Mortgages - How to Decide if an ARM Is Right for You You may see an ARM described with figures such as 1-1, 3-1, and 5-1. The first figure in each set refers to the initial period of the loan, during which Mortgages and Mortgage Loan Rates in the United States-- Free Step 1: Choose Your State. Alabama. Alaska. Arizona. Arkansas. California. Colorado. Connecticut. Delaware. District of Columbia. Florida. Georgia. Hawaii 5/1 Adjustable-Rate Mortgage 5/1 ARM terms are available on the following property types:. Single-family detached; Single-family attached; Condos; PUDS; Co-ops Compare mortgage rates in Pennsylvania or nationwide, find a 15 Year Fixed · 15 Year Fixed Jumbo · 5/1 ARM · 5/1 ARM Jumbo · 1 Year ARM · 1 Year ARM Jumbo · 5 Year Balloon · 7 Year Balloon Rate Chart 5/1 Arm. Get rates for your area: Mortgage | Home Equity | Mortgage Calculator. Current Rate: 5.62 %, 6 Months Ago: 7.01 %, last: 9/21/2006 TheFirst-Adjustable Rate 5/1 ARM. Low starting rate guaranteed for five years, reprices annually Interest Only 5/1 ARM. Pay interest only for 60 months, then amortize over the Adjustable Rate Mortgage Disclosure Statement 5/1 ARM One Year Following is a summary of the basic terms of the 5/1 ARM loan in which you have expressed an interest. This summary is intended
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