Adjustable-Rate Mortgage – ARM: An adjustable-rate mortgage (ARM) is a type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan.

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If you’re looking for the lowest possible monthly mortgage payment, you might consider refinancing into an adjustable-rate mortgage. ARMs are about as cheap as they’ve ever been. And there is a.

How Adjustable Rate Mortgages Work 7 1 Arm Rate History NFL Wild Card odds, line: Bears vs. eagles picks, predictions by dialed-in expert who’s 7-1 on Chicago games – White has a strong history of success in handicapping Chicago — he boasts an incredible 7-1 mark on picks for or against. is prolonging drives with his feet and his arm with a 67 percent.It now stands at about a two-year low. The 15-year fixed-rate mortgage averaged 3.26%, down from 3.28%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.51%, down 1 basis point.

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Compare today's 7/1 ARM rates from top mortgage lenders. Find out if a 7/1 adjustable rate mortgage is the right type of home loan for you.