– 10/1 Adjustable Rate mortgage- 10 year rates mortgage adjustablerate mortgage. 10/1 ARM – the rate is fixed for a period of 10 years after which in the 11th year the loan becomes an adjustable rate mortgage (ARM). The adjustable rate is tied to the 1-year treasury index and is added to a pre-determined margin (usually between 2.25-3.0%) to arrive at your new monthly rate.
How ARM rates work: 3/1, 5/1, 7/1. – The Mortgage Reports – Note that 3-year ARMs are more expensive than their more stable counterparts, 5- and 7-year loans. In other markets, 3/1 arm rates were the cheapest around.
Current Average Mortgage Rates Us Delinquency Rate on Single-Family Residential Mortgages. – Board of Governors of the Federal Reserve System (US), Delinquency Rate on Single-Family Residential Mortgages, Booked in Domestic Offices, All Commercial Banks.