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  2. What is a 5/1 adjustable-rate mortgage (ARM)? - AOL

    www.aol.com/finance/5-1-adjustable-rate-mortgage...

    A 5/1 ARM is one type of adjustable-rate mortgage. The “5/1” refers to the length of the fixed-rate period and the frequency of rate changes, respectively. ... rather than five years, and for ...

  3. Adjustable-rate mortgage - Wikipedia

    en.wikipedia.org/wiki/Adjustable-rate_mortgage

    A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets. [1] The loan may be offered at the lender's standard variable rate/base rate. There may be a direct ...

  4. Adjustable-rate mortgages: What they are and how they work - AOL

    www.aol.com/finance/adjustable-rate-mortgages...

    10/6 and 10/1 ARMs: 10/6 and 10/1 ARMs have a fixed intro rate for the first 10 years of the mortgage, then move to an adjustable rate for the remaining 20 years. 10/6 ARMs adjust every six months ...

  5. Mortgage and refinance rates for Jan. 7, 2025: Average rates ...

    www.aol.com/finance/mortgage-and-refinance-rates...

    10-year fixed rate. 6.33%. 5/1 adjustable rate mortgage. 6.51%. 30-year fixed FHA rate ... basis points to a range of 4.25% to 4.50%. The Fed's third consecutive cut this year comes after slashing ...

  6. Mortgage and refinance rates for Dec. 27, 2024: Average rates ...

    www.aol.com/finance/mortgage-and-refinance-rates...

    10-year fixed rate. 6.21%. 5/1 adjustable rate mortgage. 6.50%. ... For a 5/1 adjustable-rate mortgage, the first number indicates the number of years at the fixed rate — or five years — and ...

  7. Mortgage and refinance rates for Dec. 18, 2024: Average rates ...

    www.aol.com/finance/mortgage-and-refinance-rates...

    For a 5/1 adjustable-rate mortgage, the first number indicates the number of years at the fixed rate — or five years — and the second number indicates the rate at which the mortgage rate ...

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