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Current ARM mortgage rates report for June 3, 2025

See Tuesday's report on average mortgage rates adjustable-rate mortgages so you can pick the best home loan for your needs as you house shop.
On June 3, 2025, the average interest rate for a 5/1 adjustable-rate mortgage (ARM) was reported at 6.5%, while the 7/1 ARM averaged at 6.6%, and the 10/1 ARM at 6.7%. These rates reflect a slight increase from the previous week, influenced by economic indicators and Federal Reserve policies. ARMs offer lower initial rates compared to fixed-rate mortgages, making them attractive to borrowers expecting to sell or refinance before the rate adjusts. However, potential borrowers should be aware of the risks associated with rate adjustments after the initial fixed period, as rates could rise significantly.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-arm-mortgage-rates-06-03-2025/ ]