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Compare 5-year ARM Mortgage Rates | Friday, November 6, 2026

Rates are current as of November 6, 2026 2:46 AM EST

National average mortgage rates:
5-Year ARM

APR 6.71%

-0.15% 1w
7-Year ARM

APR 6.73%

-0.08% 1w
30-Year Fixed

APR 6.98%

-0.20% 1w
2 ResultsShowing rates for: Purchase, Excellent (760-779), $500,000, 5-year ARM, Single-family, Primary residence
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2 Results for: Purchase, Excellent (760-779), $500,000, 5-year ARM, Single-family, Primary residence.
First Federal Bank

NMLS#408902

APR

6.80%

APR

6.80%

Interest rate

7.00%

Est. mo. payment

$2,662/mo

Total fees

$1,027

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The Nerdy headline

First Federal Bank stands out for its competitive APRs and its emphasis on government loans. Most likely to appeal to borrowers shopping for low rates and fees.

Home loans overall

NerdWallet rating

5.0

What we like
  • Strong experience in FHA and VA lending.
  • APRs tend to be competitive, according to the latest federal data.
  • Minimum credit score requirement of 580 for some loans, which is lower than some competitors.
What we don't like
  • Home equity lending is not a priority.
  • Customizable rates are not available online without providing contact information.
NBKC

NMLS#409631

APR

6.84%

APR

6.84%

Interest rate

7.00%

Est. mo. payment

$2,669/mo

Total fees

$1,543

GET MY RATE
Hide details

The Nerdy headline

NBKC stands out for its attractive interest rates and fees, and is primarily an online lender — though its app does not have mortgage features.

Home loans overall

NerdWallet rating

4.5

What we like
  • Competitive interest rates and fees.
  • Offers most common loan types, as well as a handful of specialty loans.
  • Payouts are available to borrowers whose loans don’t close on time.
What we don't like
  • Customer service is only accessible over the phone for many mortgage customers.
  • Does not offer renovation loans.
  • Home equity products are not currently a lending priority.

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 | Friday, November 6, 2026

Last updated 2:46 AM EST
On Friday morning, November 6, 2026, the average interest rate on a 5-year adjustable-rate mortgage fell three basis points to 6.72% APR, compared to yesterday.
The 5-year ARM rate is 14 basis points lower than one week ago and 11 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.

DATA: What's the Homebuying Climate this month?

NerdWallet's Homebuying Climate Index puts a familiar weather label on how favorable conditions are for home buyers.
For October, our analysis puts the Climate Index at 52.5 out of 100, keeping the index in Partly Cloudy territory for the 51st straight month.
Read more about the factors affecting this month's index to gauge how they might affect your homebuying plans.
Explore NerdWallet's Homebuying Climate IndexProprietary research based on the latest federal data

🤓 Kate on Rates

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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 5, 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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