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Current ARM mortgage rates report for May 6, 2025

On May 6, 2025, the average rate for a 5/1 adjustable-rate mortgage (ARM) in the United States was 6.00%, while the average rate for a 7/1 ARM was 6.13%, according to Bankrate data. These rates represent a slight increase from the previous week, reflecting broader trends in the mortgage market influenced by economic indicators and Federal Reserve policies. ARMs, which offer lower initial rates compared to fixed-rate mortgages, can be attractive to borrowers expecting to move or refinance before the rate adjusts, but they also carry the risk of higher payments if interest rates rise after the initial fixed period.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-arm-mortgage-rates-05-06-2025/ ]