Question:

How to get current adjustable rate mortgage (ARM) rates?

Answer:

Current adjustable rate mortgage (ARM) rates can be best followed online. Many online sources will provide real time ARM rates. ARM rates can change very quickly and they are based on different ARM indexes, such as the Treasury Bill, CMT, CODI, LIBOR, the prime rate, etc.

You could get current current ARM rates by requesting a free quote from several banks and lenders. Make sure you provide them with your credit score so that they don't start pulling your credit score from the credit agencies, as this may affect your score adversely.

ARM rates are floating all the time. If you ever decide to refinance out of an ARM into a fixed rate mortgage, you'd have to consider current adjustable rate mortgage rates. Often, to make the best refinance decision, achieve best timing, etc., you will have to observe your ARM index and current ARM rates.

Mortgage rates hit their lowest since 1955. Ask the home loan experts we recommend Quicken Loans how to take advantage of them.
Was this Mortgage QnA helpful?
Not at all
  • Currently 2.9/5 Stars
  • 1
  • 2
  • 3
  • 4
  • 5
Definitely
Add to this Answer

Mortgage QnA is not a common forum. We have special rules:

  • Post no questions here. To ask a question, click the Ask a Question link
  • We will not publish answers that include any form of advertising
  • Add your answer only if it will contrubute to the quality of this Mortgage QnA and help future readers
If you have trouble reading the code, click on the code itself to generate a new random code. Verification Code Above:
Bookmark and share this QnA: