Best 7/1 ARM Mortgage Rates October 2026 | As Low As 5.00%
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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7/1 ARM mortgage rates range from 5.00% to 6.38%, verified by MonitorBankRates as of October 15, 2026. Today's 7/1 ARM mortgage market includes offers such as ives Bankives Bank100 State Route 37, Bethel, CT 06470A5.0 ★Texas Ratio: 8.25% offering 7/1 Adjustable-Rate Mortgage at 5.00%, and Actors Federal Credit UnionActors Federal Credit Union165 W 46th St, Chicago, CA 10036 1308A-5.0 ★Texas Ratio: 15.48% offering Adjustable Rate Mortgages (ARMs) - 7/1 ARM at 5.35%, and Noble Federal Credit UnionNoble Federal Credit Union175 N Clovis Ave, Clovis, CA 93612 0304A+5.0 ★Texas Ratio: 4.29% offering Adjustable 7/6 ARM at 5.50%, and Fond Du Lac Credit UnionFond Du Lac Credit Union91 N Pioneer Rd, Fond du Lac, WI 54935A+5.0 ★Texas Ratio: 1.35% offering First Mortgage - 7/1 Year ARM at 5.75%, and Ukrainian National Federal Credit UnionUkrainian National Federal Credit Union1678 E 17th St, Brooklyn, NJ 08861A5.0 ★Texas Ratio: 12.02% offering First Mortgage - Residential Conforming 7/1 Year ARM at 6.00%.
A 7/1 ARM provides a fixed interest rate for the first 7 years, then adjusts annually. It sits between the shorter 5/1 ARM and a fully fixed 30-year loan — offering a lower initial rate than fixed mortgages with more time certainty than a 5/1 ARM.
7/1 ARM rates reflect the initial fixed-rate period. Your rate will adjust after 7 years based on market conditions. Last Updated and Verified: October 15, 2026
Compare 7/1 ARM Mortgage Rates Today
Initial fixed-rate period: 84 months (Number of Payments: 84); Index: 2.850% (variable); Margin: 2.75%; First adjustment cap: 2.000%; Subsequent adjustment cap: 2.000%; Lifetime rate cap: 6.000%; Floor rate: 2.750%
As Low As; ARM structure 7/1; Rates subject to increase or decrease after the Initial Fixed Period; Loans over $832,750 may be subject to different rates; Borrower must qualify for Credit Union membership; Qualifying properties must be within Credit Union charter
Base Rate 5.350%; Initial APR 5.466%; APR assumes $300,000 loan, $375,000 purchase price, 30-year term, 2/6 caps, >740 credit score, 80% LTV/CLTV, 1% origination fee, $850.00 other fees; rates effective as of 6/1/2026
Adjustable; P&I per $100,000: $567.79; 1st Adj Rate: 6.500%; 1st Adj Payment: $1,987.26
ARM; First Mortgage ARMs amortized over up to 30 years
Mortgage Loans; Featured rate
Term: 7/1 year ARM (30 year payout); As Low As; Non-jumbo; Comments: Up to 1.0 points**; ** Members without permanent resident status may be charged up to 1.0 origination points and 0.750% added to the loan rate
Interest rate fixed for the first 7 years and may adjust annually thereafter; APR based on $75,000 loan amount
Payment: $1,119.94; 1st Adj Rate: 6.625%; 1st Adj Payment: $1,252.34; Effective Date: October 9, 2026
- Oct 12, 20266.02%▲ from 5.96%
- Sep 25, 20265.96%first recorded
Rates are based on a purchase transaction with a 20% down payment; APR is based on $100,000 loan amount for an 80% LTV purchase and reflects any pre-paid finance charge
As Low As; Interest rate fixed for first 7 years, then may adjust annually; adjustments limited to 2 percentage points; lifetime cap 5 percentage points above original rate; no balloon payment; based on purchase-money loan at 80% loan-to-value and excellent credit; available for purchases and refinances; Mortgage Advantage: $1,500 lender credit toward closing costs if same mortgage refinanced with 1st University CU within three years
Loan to Value %: 80%
Payment schedule phase: 84 payments at 6.125%
Adjustable Rate Mortgage; based on $280,000 loan, owner-occupied single-family 1-unit, 80% LTV, FICO 740+
- Oct 15, 20266.22%▲ from 6.14%
- Oct 13, 20266.14%▼ from 6.14%
- Oct 9, 20266.14%▼ from 6.26%
- Oct 5, 20266.26%▼ from 6.26%
Fully Indexed Rate: 7.250%; Monthly Principal and Interest Payment per $1,000 Borrowed*: $5.44 (84 payments); Monthly Principal and Interest Payment per $1,000 After First Adjustment*: $6.57 (276 payments); Schedule an Appointment
- Oct 7, 20266.22%▲ from 6.04%
- Sep 15, 20266.04%first recorded
No additional details available.
As Low As
- Oct 14, 20266.25%▼ from 6.37%
- Oct 1, 20266.37%▲ from 6.25%
- Sep 27, 20266.25%▲ from 6.00%
- Sep 18, 20266.00%▲ from 5.62%
As Low As; Purchase; Payment example (For a $250,000 Loan): $1,519.03
As Low As; Refinance; Payment example (For a $250,000 Loan): $1,519.03
Variable
- Oct 12, 20266.31%▲ from 6.13%
- Oct 8, 20266.13%▼ from 6.31%
- Oct 2, 20266.31%▲ from 6.06%
- Sep 14, 20266.06%first recorded
Initial Rate Period: 7 Years; Initial Rate Period Monthly Payments: 84; Initial Rate Period EMP per $1000: $5.84; Fully Indexed Rate: 6.875%; Fully Indexed Rate Monthly Payments: 276; Fully Indexed Rate EMP per $1000: $6.57; Closing Fees: Yes; Conforming loans; 30-year term/amortization
No additional details available.
Primary residences in North or South Carolina; APR includes 1% origination fee
- Oct 2, 20266.38%▲ from 5.97%
- Sep 18, 20265.97%first recorded
No additional details available.
Margin: 2.500%; Caps: 2/2/6; Index: One-Year CMT; Est. payment per $1,000: $6.24
- Oct 14, 20266.40%▼ from 6.42%
- Oct 10, 20266.42%▲ from 6.30%
- Oct 1, 20266.30%▼ from 6.55%
- Sep 27, 20266.55%first recorded
Loan amount: Up to $832,750; Fully Indexed Rate: 6.500%
- Oct 2, 20266.42%▲ from 6.29%
- Sep 24, 20266.29%▲ from 6.16%
- Sep 17, 20266.16%first recorded
LTV: Up to 90%; Payment: $923.95; Payment at Max Interest Rate: In 10th year $1,414.23; PMI: No
- Oct 13, 20266.42%▲ from 6.26%
- Sep 18, 20266.26%first recorded
Adjustable Rate Mortgages; Margin: 2.500%; Caps: 2/2/6; Index: One-Year CMT; Rate-lock 45 days; assumed credit score 720; LTV below 60% or no-cashout refinance
- Oct 10, 20266.42%▲ from 6.30%
- Oct 1, 20266.30%▼ from 6.55%
- Sep 27, 20266.55%▲ from 6.42%
- Sep 18, 20266.42%▲ from 6.30%
Margin: 2.500%; Caps: 2/2/6; Est. payment per $1,000: $6.24; Index: One-Year CMT; Rate-lock period 45 days
- Oct 10, 20266.42%▲ from 6.30%
- Oct 1, 20266.30%▼ from 6.55%
- Sep 27, 20266.55%first recorded
Margin: 2.500%; Caps: 1/1/4; Index: One-Year Constant Maturity Treasury; Maximum rate and APR over life of loan is 4% from start rate; Last Modified: 10/13/2026
No additional details available.
Fully Indexed Rate: 6.750%
- Sep 28, 20266.47%▲ from 6.35%
- Sep 16, 20266.35%first recorded
As low as
As Low As; Adjustable Rate Mortgage; Based on $250,000 loan, 80% LTV, minimum 720 credit score
- Oct 13, 20266.47%▲ from 6.42%
- Oct 9, 20266.42%▲ from 6.24%
- Sep 14, 20266.24%first recorded
Fixed and Adjustable Rate Mortgages; Adjustable-Rate Mortgage
- Oct 14, 20266.47%▲ from 6.29%
- Sep 14, 20266.29%first recorded
Initial interest rate fixed for 7 years, then adjusts annually; Index: 5 Year Treasury Constant Maturity; caps 2% and 6%; floor 2.75%; Maximum 95% LTV for purchases; PMI required over 80% LTV; assumes 740+ credit score
Initial Interest Rate Period: 7 Years; Index: 5 Year Treasury Constant Maturity; caps 2% and 6%; floor 2.75%; Maximum 95% LTV for purchases; PMI required over 80% LTV
No additional details available.
Variable rate; may change after account opening; Apply Online
- Oct 10, 20266.48%▼ from 6.49%
- Oct 1, 20266.49%▲ from 6.42%
- Sep 27, 20266.42%first recorded
Fully Indexed Rate: 7.250%
- Oct 7, 20266.49%▲ from 6.43%
- Sep 24, 20266.43%▲ from 6.24%
- Sep 15, 20266.24%first recorded
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7/1 ARM Mortgage Rate Trend
Daily average rates across all mortgage types
Daily mortgage rate averages compiled from our database of 8,500+ banks and credit unions — updated daily.
The 7/1 ARM rate rose 0.089 points over the past 7 days to 6.881%, up from 6.793% last week.
ARM Mortgage Calculators
Methodology & Data Sources
Direct-Sourced & Verified Rate Data: Every 7/1 ARM rate on this page is sourced directly from the official website of the lending institution. Adjustable-rate mortgage rates reflect the initial fixed-rate period and are verified and updated daily.
Coast-to-Coast Lender Coverage: Our database monitors over 8,500 banks and credit unions across all 50 states, capturing a diverse mix of community credit unions, regional banks, and online lenders. This breadth ensures you see competitive rates that many rate surveys miss.
Time-Stamped for Full Transparency: Because 7/1 ARM rates can shift multiple times per week in response to economic conditions and Federal Reserve policy changes, every rate entry carries its own specific "last updated" date. You always know exactly how fresh the data is.
Proprietary Lender Safety Ratings: Rate alone is only part of the picture. MonitorBankRates evaluates the financial stability of every listed institution using regulatory FDIC and NCUA data. Our composite Health Grades (A+ to F), Star Ratings, and Texas Ratio calculations give you a clear view of lender stability so you can borrow with confidence from a financially sound institution.
Frequently Asked Questions About 7/1 ARM Rates
What is a 7/1 ARM?
How does the rate adjustment work after the 7-year fixed period?
What are rate caps on a 7/1 ARM?
Who is a 7/1 ARM best suited for?
How does a 7/1 ARM compare to a 30-year fixed mortgage?
How does a 7/1 ARM compare to a 3/1 or 5/1 ARM?
What happens if I stay in the loan past the 7-year fixed period?
What is the difference between interest rate and APR on a 7/1 ARM?
How are 7/1 ARM rates determined?
What are today's best 7/1 ARM rates?
- ives Bank: 5.00% (7/1 Adjustable-Rate Mortgage)
- Actors Federal Credit Union: 5.35% (Adjustable Rate Mortgages (ARMs) - 7/1 ARM)
- Noble Federal Credit Union: 5.50% (Adjustable 7/6 ARM)
- Fond Du Lac Credit Union: 5.75% (First Mortgage - 7/1 Year ARM)
- Ukrainian National Federal Credit Union: 6.00% (First Mortgage - Residential Conforming 7/1 Year ARM)
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