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Compare 5-year ARM Mortgage Rates

Rates are current as of November 7, 2026 10:01 AM EST

National average
mortgage rates:
5-Year ARM

APR 6.74%

+0.05% 1w
7-Year ARM

APR 6.72%

+0.01% 1w
30-Year Fixed

APR 6.91%

-0.20% 1w

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About these rates: The lenders whose rates appear on this table are NerdWallet's advertising partners. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a lender's site. The terms advertised here are not offers and do not bind any lender. The rates shown here are retrieved via the Mortech rate engine and are subject to change. These rates do not include taxes, fees, and insurance. Your actual rate and loan terms will be determined by the partner's assessment of your creditworthiness and other factors. Any potential savings figures are estimates based on the information provided by you and our advertising partners.

Today's 5-year ARM rates | Saturday, November 7, 2026

Last updated 10:01 AM EST
On Saturday morning, November 7, 2026, the average interest rate on a 5-year adjustable-rate mortgage held steady at 6.74% APR, compared to yesterday.
The 5-year ARM rate is five basis points higher than one week ago and 12 basis points lower than one year ago.
A basis point is one hundredth of a percent, or 0.01%. We describe mortgage rates’ ups and downs in basis points because they simplify comparisons.
NerdWallet’s rates are expressed as an annual percentage rate, or APR, and our mortgage rates data comes from Zillow.

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What to Know About 5-year ARM Mortgage Rates

Shop and compare today's 5-year ARM rates in the table above.
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Last updated November 7, 2026

What is a 5-year ARM?

A 5-year ARM is an adjustable-rate mortgage with an interest rate that stays the same for the first five years. After that initial period, the rate adjusts periodically based on changes in the broader market.
A 5-year ARM typically begins with a lower introductory rate than a fixed-rate loan has. After the five years are over, the rate can adjust up or down every six months. The rate adjustments are based on a benchmark index, which in most cases is the secured overnight financing rate (SOFR), plus a fixed margin set by the lender. The benchmark rate tends to rise when the economy is strong and fall when the economy weakens.
Different lenders may refer to the 5-year ARM by different names. It's sometimes called the 5/6 ARM, where the "5" refers to the starting fixed-rate period in years and the "6" refers to how often in months the rate is adjusted afterward. The 5/6 ARM is the most popular type of ARM available today.

5-year ARM mortgage rates

NerdWallet’s mortgage comparison tool can help you find competitive 5-year ARM rates today, whether you’re buying a home or refinancing. At the top of this page, enter details about the loan you’re looking for and click “See rates” to get rate quotes without providing personal information.

When to consider a 5-year ARM

A 5-year ARM makes sense if you expect to refinance your mortgage or sell your house before the introductory rate expires. You may be able to qualify for a larger loan because of the ARM's low introductory rate. Note that the interest rate and monthly payment could climb substantially if the index rate rises anytime after the first five years are up.

ARM glossary

  • Index: The benchmark rate that reflects overall market conditions. Most ARMs use the 30-day average SOFR (SOFR), which can rise or fall over time. The index is used together with the margin to determine your adjustable interest rate.
  • Margin: A fixed number of percentage points that the lender adds to the index to calculate the interest rate at each adjustment. The margin does not change over the life of the loan. For example, if the index rate is 3.985% and your margin is 2.75 percentage points, your interest rate would be 6.75% after rounding.
  • Rate cap: The maximum amount your loan’s interest rate can increase or decrease at the first adjustment, each time thereafter and over the life of the loan. Rate caps help protect borrowers from large, sudden payment changes.

Learn more about adjustable-rate mortgages

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