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3/1 Adjustable Rate Mortgage (3/1 ARM or 3 year ARM)

ADJUSTABLE RATE MORTGAGE

3/1 ARM (3 year ARM)- the rate is fixed for a period of 3 years after which in the 4th year the loan becomes an adjustable rate mortgage (ARM). The adjustable rate is tied to the 1-year treasury index and is added to a pre-determined margin (usually between 2.25-3.0%) to arrive at your new monthly rate. Ask what the margin, life cap and periodic caps of your ARM will be in the 4th year. The loan is fully amortized (or paid off) in 30 years if the normal payment schedule is followed. (Also see anatomy of an ARM for additional information).

Current 3/1 ARM Rate Quotes

(other loan programs too)
Just One Click = Today's Rate Chart
Current 3 Year ARM Mortgage Rate - Pennsylvania Current 3 Year ARM Mortgage Rates - Hawaii Current 3 Year ARM Mortgage Rates - Alaska West Virginia 3 Year ARM Mortgage Rates Virginia 3 Year ARM Mortgage Rates District of Columbia 3 Year ARM Mortgage Rates Maryland 3 Year ARM Mortgage Rates Delaware 3 Year ARM Mortgage Rates New Jersey 3 Year ARM Mortgage Rates Connecticut 3 Year ARM Mortgage Rates Rhode Island 3 Year ARM Mortgage Rates Massachussetts 3 Year ARM Mortgage Rates New Hampshire 3 Year ARM Mortgage Rates Vermont 3 Year ARM Mortgage Rates New Hampshire 3 Year ARM Mortgage Rates Maine Current 3 Year ARM Mortgage Rates Vermont 3 Year ARM Mortgage Rates Current 3 Year ARM Mortgage Rates - New York Current 3 Year ARM Mortgage Rates - Michigan Current Interest Rates - Wisconsin Current 3 Year ARM Mortgage Rates - MINNESOTA Current 3 Year ARM Mortgage Rates - OHIO Current 3 Year ARM Mortgage Rates - Kentucky Current 3 Year ARM Mortgage Rates - Indiana Illinois - Current Mortgage Rates Current 3 Year ARM Mortgage Rates - Iowa Current 3 Year ARM Mortgage Rates - Missouri Current 3 Year ARM Mortgage Rates - North Carolina South Carolina 3 Year ARM Mortgage Rates Current 3 Year ARM Mortgage Rates - Florida Current 3 Year ARM Mortgage Rates - Georgia Current 3 Year ARM Mortgage Rates - Tennessee Current 3 Year ARM Mortgage Rates - Alabama Current 3 Year ARM Mortgage Rates - Mississippi Current 3 Year ARM Mortgage Rates - Louisiana Current 3 Year ARM Mortgage Rates - Arkansas Current 3 Year ARM Mortgage Rates - Oklahoma Current 3 Year ARM Mortgage Rates - TEXAS Current 3 Year ARM Mortgage Rates - New Mexico Current 3 Year ARM Mortgage Rates - Arizona Current 3 Year ARM Mortgage Rates - Kansas Current 3 Year ARM Mortgage Rates - Nebraska Current 3 Year ARM Mortgage Rates - Colorado Current 3 Year ARM Mortgage Rates - Wyoming South Dakota 3 Year ARM Mortgage Rates Current 3 Year ARM Mortgage Rates - North Dakota Current Rates - Montana Idaho Current Rates Washington 3 Year ARM Mortgage Rates Current 3 Year ARM Mortgage Rates - Oregon Current 3 Year ARM Mortgage Rates - Utah Current 3 Year ARM Mortgage Rates - Nevada Current Mortgage Rates - California

1 Year T-Bill Index History - (Index usually used with 3/1 ARM)

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2008 2.71 2.05                    
2007 5.06 5.05 4.92 4.93 4.91 4.96 4.96 4.47 4.14 4.10 3.50 3.26
2006 4.45 4.68 4.77 4.90 5.00 5.16 5.22 5.08 4.97 5.01 5.01 4.94
2005 2.86 3.03 3.30 3.32 3.33 3.36 3.64 3.87 3.85 4.18 4.33 4.35
2004 1.24 1.24 1.19 1.43 1.78 2.12 2.10 2.02 2.12 2.23 2.50 2.67
2003 1.36 1.30 1.24 1.27 1.18 1.01 1.12 1.31 1.24 1.25 1.34 1.31
2002 2.16 2.23 2.57 2.48 2.35 2.20 1.96 1.76 1.72 1.65 1.49 1.45
2001 4.81 4.68 4.30 3.98 3.78 3.58 3.62 3.47 2.82 2.33 2.18 2.22
2000 6.12 6.22 6.22 6.15 6.33 6.17 6.08 6.18 6.13 6.01 6.09 5.60
1999 4.51 4.70 4.78 4.69 4.85 5.10 5.03 5.19 5.25 5.43 5.55 5.84
1998 5.24 5.31 5.39 5.38 5.44 5.41 5.36 5.21 4.71 4.12 4.53 4.52
1997 5.61 5.53 5.80 5.99 5.87 5.69 5.54 5.56 5.52 5.46 5.46 5.53
1996 5.09 4.94 5.34 5.54 5.64 5.81 5.85 5.85 5.83 5.55 5.42 5.47
1995 7.05 6.70 6.43 6.27 6 5.64 5.59 5.75 5.62 5.59 5.43 5.31
1994 3.54 3.87 4.32 4.82 5.31 5.27 5.48 5.56 5.76 6.11 6.54 7.14
1993 3.50 3.39 3.33 3.24 3.36 3.54 3.47 3.44 3.36 3.39 3.58 3.61
1992 4.15 4.29 4.63 4.30 4.19 4.17 3.6 3.47 3.18 3.30 3.68 3.71
1991 6.64 6.27 6.40 6.24 6.13 6.36 6.31 5.78 5.57 5.53 4.89 4.38
1990 7.92 8.11 8.35 8.40 8.32 8.10 7.94 7.78 7.76 7.55 7.31 7.05
1989 9.05 9.25 9.57 9.36 8.98 8.44 7.89 8.18 8.22 7.99 7.77 7.72
1988 6.99 6.64 6.71 7.01 7.40 7.49 7.75 8.17 8.09 8.11 8.48 8.99
1987 5.78 5.96 6.03 6.5 7 6.8 6.88 7.03 7.67 7.59 6.96 7.17
1986 7.73 7.61 7.03 6.44 6.65 6.73 6.27 5.93 5.77 5.72 5.8 5.87
1985 9.02 9.29 9.86 9.14 8.46 7.8 7.86 8.05 8.07 8.01 7.88 7.68

The chart above is deemed reliable but accuracy is not guaranteed.
Untitled Document

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