5/1 ARM Mortgage Rate
6.080%Current national average · Updated 2026-05-05
What is a 5/1 ARM?
Adjustable rate mortgage with 5-year fixed period
Pros
- Lower initial rate
- Great for short-term ownership (5-7 years)
- Initial savings can be invested
Cons
- Rate can increase after fixed period
- Payment uncertainty long-term
- Complex terms and caps
Quick Facts
Current Rate
6.080%
Min. Down Payment
5%
Min. Credit Score
640
Best For
Buyers who plan to sell or refinance within the initial fixed-rate period
Top Lenders for 5/1 ARM
| Lender | 5/1 ARM Rate | APR | Action |
|---|---|---|---|
| ⚓Navy Federal CU | 5.650% | 5.800% | Apply |
| 🗽Freedom Mortgage | 5.700% | 5.850% | Apply |
| 🏘PennyMac | 5.750% | 5.900% | Apply |
| 🏡United Wholesale Mortgage | 5.800% | 5.950% | Apply |
| ✨Better Mortgage | 5.800% | 5.950% | Apply |