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Current ARM mortgage rates report for May 23, 2025

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
  See Friday's report on average mortgage rates adjustable-rate mortgages so you can pick the best home loan for your needs as you house shop.

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As of May 23, 2025, the article on Fortune.com discusses the current state of adjustable-rate mortgage (ARM) rates, highlighting that the average rate for a 5/1 ARM is approximately 6.5%, while the 7/1 ARM stands at around 6.75%. The piece explains that these rates are influenced by broader economic factors, including inflation and Federal Reserve policies, and notes a slight increase from the previous month. It also provides insights into how ARMs can be beneficial for borrowers expecting to move or refinance before the initial fixed-rate period ends, but warns of potential rate hikes after the initial period. The article advises potential homebuyers to consider their long-term housing plans and financial stability when choosing between fixed-rate and adjustable-rate mortgages.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-arm-mortgage-rates-05-23-2025/ ]