The average 30-year fixed mortgage rate is 4.27%, up 2 basis points from 4.25% a week ago. 15-year fixed mortgage rates fell 1 basis point to 3.60% from a week ago.

An index rate is the standard that lenders use to determine the amount of interest a borrower will pay on a variable rate loan. Generally, credit cards, home equity loans, personal loans, and auto loans are variable rate loans.Unlike a fixed loan, which uses a set interest rate for the life of the loan, the interest rate on a variable rate loan fluctuates periodically.

Variable Rate Mortgages Option Arm Mortgage there are lots of options to consider. One avenue you may not have considered – and may have even been warned against – however, is an adjustable rate mortgage, or arm loan. adjustable-rate mortgages.Get the flexibility you're looking for with an adjustable rate mortgage from Associated bank. leading lender in the Midwest.

For an adjustable-rate mortgage, the index is a benchmark interest rate that reflects general market conditions and the margin is a number set by your lender when you apply for your loan. The index and margin are added together to become your interest rate when your initial rate expires.

5/1Arm The term 5/1 ARM means that you will get five years of a fixed interest rate, followed by one-year increments of adjustable rates. This means that for the first five years of the mortgage, you are going to have the same interest rate and the same monthly mortgage payment.

Bankrate.com provides the 1 year libor rate and today’s current libor rates index.

FHA mortgage rates hew closely to the mortgage rates on traditional home loans. If the average interest rate on a 30-year fixed-rate mortgage stands at 5.4 percent, you can figure that the average fha mortgage rate is nearly the same. This makes these loans even more attractive.

Looking for the lowest rate? We offer you an easy way to get mortgage rates that are personalized for your specific financial situation and needs, and find the loan that is.

A 30-year fixed mortgage is a loan whose interest rate stays the same for the duration of the loan. For example, on a 30-year mortgage of $300,000 with a 20% down payment and an interest rate of 3.75%, the monthly payments would be about $1,111 (not including taxes and insurance).

Adjustable rate mortgages start with an interest rate 2-3 percent below a. For example, if the current index value is 5.50 percent and your loan has a margin of .

Mortgage Rate Index Historical Mortgage Rates and arm index rates – Historical Mortgage Rates and Historical ARM Index Rates. HSH Associates has surveyed lenders and produced mortgage statistics for over 30 years.

Adjustable-rate mortgages (ARMs), also known as variable-rate mortgages, have an interest rate that may change periodically depending on changes in a corresponding financial index that’s associated with the loan. generally speaking, your monthly payment will increase or decrease if the index rate goes up or down.