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Rate Trends

Best 7/1 Jumbo ARM Rates June 2026 | As Low As 5.38%

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Brian McKay Brian McKay
Brian McKay

Brian McKay

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Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
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| iEditorial Disclosure
Editorial Disclosure The rates displayed are actual, verified rates sourced directly from the official websites of lenders. Our editorial content is independent of any advertiser relationships.
| ✓Fact Checked | Last Updated: June 27, 2026

Today's 7/1 Jumbo ARM mortgage market includes offers such as Westerra Credit UnionWesterra Credit Union10169 S Parker Rd, Arvada, CO 80003A+5.0 ★Texas Ratio: 3.44% offering Jumbo 7/6M SOFR ARM - Purchase at 5.75%, and Rockland Federal Credit UnionRockland Federal Credit Union1690 Main St, Brockton, MA 02048 1223A+5.0 ★Texas Ratio: 3.27% offering 7/6 ARM - Jumbo at 5.75%, and Member One Federal Credit UnionMember One Federal Credit Union105 Oaktree Blvd, Christiansburg, VA 24012A+5.0 ★Texas Ratio: 4.86% offering 7-Year Jumbo ARM at 5.38%, and Virginia Credit UnionVirginia Credit Union10 N Nansemond St Ste 6, Charlottesville, VA 22401 4974A5.0 ★Texas Ratio: 6.07% offering 7-Year Jumbo ARM at 5.38%, and Ventura County Credit UnionVentura County Credit Union18 W Thousand Oaks Blvd, Camarillo, CA 91360 4458A+5.0 ★Texas Ratio: 2.96% offering 7/6 ARM 5/1/5 Jumbo 30 day avg. SOFR at 6.38%.

A 7/1 jumbo ARM provides a fixed rate for 7 years on a high-balance loan above conforming limits, then adjusts annually. It offers the longest initial fixed window of the jumbo ARM family — suitable for jumbo borrowers who want rate certainty for most of a typical ownership cycle while still saving on the initial rate versus a 30-year jumbo fixed.

7/1 Jumbo ARM rates reflect the initial fixed-rate period. Jumbo ARM rates will adjust after 7 years based on market conditions. Last Updated and Verified: June 27, 2026

Compare 7/1 Jumbo ARM Rates Today

State:
Today's 7/1 Jumbo ARM Rate Context: The average 7/1 jumbo arm mortgage rate is 6.562%, up 0.063% from last week. The table below shows verified 7/1 jumbo arm rate offers from banks and credit unions. Source: Verified Mortgage Rate Data provided by MonitorBankRates.com.
Source: Verified Mortgage Rate Data provided by MonitorBankRates.com
Lender
Product
Term
Rate ▲
APR
Profile
Westerra Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.44%
Arvada, CO
Jumbo 7/6M SOFR ARM - Purchase
7/6M SOFR ARM
5.75%
6.08%
View
▼
Rate5.75%
APR6.08%
Points0.000
UpdatedJun 26, 2026
Details

As Low As; Discount: (0.125%)

Rockland Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.27%
Brockton, MA
7/6 ARM - Jumbo
360
5.75%
6.10%
View
▼
Rate5.75%
APR6.10%
Points0.000
UpdatedJun 26, 2026
Details

Fully Indexed Rate: 6.375%

Member One Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.86%
Christiansburg, VA
7-Year Jumbo ARM
360 months
5.38%
6.43%
View
▼
Rate5.38%
APR6.43%
Points1.750
UpdatedJun 23, 2026
Details

No additional details available.

Virginia Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 6.07%
Charlottesville, VA
7-Year Jumbo ARM
360
5.38%
6.43%
View
▼
Rate5.38%
APR6.43%
Points1.750
UpdatedJun 26, 2026
Details

No additional details available.

Member One Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.86%
Christiansburg, VA
7-Year Jumbo ARM
360 months
5.38%
6.45%
View
▼
Rate5.38%
APR6.45%
Points2.000
UpdatedJun 23, 2026
Details

No additional details available.

Member One Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.86%
Christiansburg, VA
7-Year Jumbo ARM
360 months
5.62%
6.46%
View
▼
Rate5.62%
APR6.46%
Points0.750
UpdatedJun 23, 2026
Details

No additional details available.

Virginia Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 6.07%
Charlottesville, VA
7-Year Jumbo ARM
360
5.62%
6.46%
View
▼
Rate5.62%
APR6.46%
Points0.750
UpdatedJun 26, 2026
Details

No additional details available.

Member One Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.86%
Christiansburg, VA
7-Year Jumbo ARM
360 months
5.62%
6.48%
View
▼
Rate5.62%
APR6.48%
Points1.000
UpdatedJun 23, 2026
Details

No additional details available.

Ventura County Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.96%
Camarillo, CA
7/6 ARM 5/1/5 Jumbo 30 day avg. SOFR
6.38%
6.49%
View
▼
Rate6.38%
APR6.49%
Points0.000
UpdatedJun 27, 2026
Details

As Low As; *(3)

Sunward
Institution Rating:
A+5.0 ★Texas Ratio: 3.78%
Albuquerque, CA
Jumbo 7/1 1 Loan
30 Years
6.62%
6.83%
View
▼
Rate6.62%
APR6.83%
Points0.000
UpdatedJun 23, 2026
Details

As low as 6.625%

Sunward
Institution Rating:
A+5.0 ★Texas Ratio: 3.78%
Albuquerque, CA
Jumbo 7/1 >80% 1 Loan
30 Years
6.88%
7.10%
View
▼
Rate6.88%
APR7.10%
Points0.000
UpdatedJun 23, 2026
Details

As low as 6.875%

The 7/1 jumbo ARM rates displayed are verified and sourced directly from the official websites of the listed financial institutions. Jumbo ARM rates will adjust after the initial fixed period.

Banks and Credit Unions: If you need to update your rate data or request removal from MonitorBankRates.com, please contact us here.

7/1 Jumbo ARM 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.

View Full Trends Report →
7/1 Jumbo ARM — Avg
6.562%
▲ 0.063% from last week

The 7/1 Jumbo ARM rate rose 0.063 points over the past 7 days to 6.562%, up from 6.499% last week.

Quick Reference — June 2026
Est. payment ($400k loan): $2,545/mo
Loan type: 7/1 Jumbo ARM (adjustable after 7 years)
Best for: Lower initial rate on jumbo loans, longer fixed period
Data source: 8,500+ lenders verified daily
As of Jun 28, 2026 • Daily averages from our database of 8,500+ U.S. banks & credit unions — updated daily Powered by MonitorBankRates

Jumbo ARM Mortgage Calculators

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Methodology & Data Sources

Direct-Sourced & Verified Rate Data: Every 7/1 jumbo ARM rate on this page is sourced directly from the official website of the lending institution. Jumbo ARM 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 Jumbo 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 Jumbo ARM Rates

What is a 7/1 Jumbo ARM?

A 7/1 Jumbo ARM is an adjustable-rate mortgage on a loan exceeding the conforming limit (currently $766,550 in most counties) with a seven-year initial fixed-rate period. The interest rate is locked for the first 84 months, then adjusts once annually based on the SOFR index plus a lender margin. Among the standard jumbo ARM options, the 7/1 provides the most rate stability before adjustment while still typically offering a lower starting rate than a 30-year fixed jumbo mortgage. It suits buyers who want meaningful rate certainty but have a likely exit window within seven years.

What qualifies as a jumbo loan?

A jumbo loan is any mortgage that exceeds the conforming loan limits set annually by the Federal Housing Finance Agency (FHFA). In most U.S. counties, the 2024 single-family limit is $766,550. In designated high-cost areas such as parts of California, New York, and Hawaii, limits can reach $1,149,825. Because jumbo loans cannot be purchased by Fannie Mae or Freddie Mac, lenders retain the full credit risk and typically require stronger borrower credentials than conforming loans.

How does the rate adjustment work after the 7-year fixed period?

After the initial 7-year fixed period, the rate adjusts once per year. Each adjustment uses the current SOFR index value plus a fixed margin established at origination (typically 2.5%–3.0%). For example, if SOFR is 4.25% and the margin is 2.75%, the adjusted rate would be 7.00%, subject to rate caps. The first adjustment after the fixed period is often capped separately, and all future adjustments are subject to periodic and lifetime caps that prevent the rate from rising beyond set limits.

What are rate caps on a 7/1 Jumbo ARM?

Rate caps set hard limits on how much your rate can increase. The standard cap structure for a 7/1 Jumbo ARM is 5/2/5: the first adjustment after the fixed period is capped at 5% above the start rate, each subsequent annual adjustment is capped at 2%, and the lifetime cap is 5% above the original rate. Some lenders use a 2/2/5 structure where the first-adjustment cap is also 2%. If your initial rate is 6.25% on a 5/2/5 structure, your rate can never exceed 11.25%. Confirm the specific cap terms in your loan estimate.

Who is a 7/1 Jumbo ARM best suited for?

The 7/1 Jumbo ARM works well for buyers who are reasonably confident they will sell, refinance, or pay off the loan within 7 years. It is particularly attractive for executives and professionals with predictable relocation cycles, buyers purchasing a second home or investment property with a medium-term hold plan, and borrowers who want a rate below 30-year fixed levels but are not comfortable with the shorter exposure of a 3/1 or 5/1 ARM. Seven years is enough stability to weather most planned holding periods while still capturing a rate discount.

What are the typical borrower requirements for a jumbo ARM?

Jumbo ARMs come with stricter underwriting than conforming loans. Most lenders require a credit score of at least 700–720, and borrowers with scores above 740–760 typically access the best pricing. Down payment requirements start at 10%–20% based on loan size. Lenders also apply tighter debt-to-income (DTI) limits — generally 43% or below — and typically require 12–24 months of mortgage payments in liquid reserves after closing. Self-employed borrowers should expect additional income documentation such as two years of business and personal tax returns.

How does a 7/1 Jumbo ARM compare to a 30-year fixed jumbo and shorter ARM terms?

The 7/1 Jumbo ARM sits between a 30-year fixed jumbo and shorter ARM terms in both rate and risk. It typically carries an initial rate 0.25%–0.75% below a 30-year fixed jumbo, generating substantial monthly savings on large loan balances during the fixed period. Compared to 3/1 and 5/1 Jumbo ARMs, the 7/1 has a higher starting rate but provides four and two additional years of rate certainty respectively. For borrowers whose horizon falls in the 5–9 year range, the 7/1 often offers the best balance of savings and stability.

What is the difference between interest rate and APR on a 7/1 Jumbo ARM?

The interest rate is your fixed cost for the first seven years. The APR on an ARM is calculated using the initial rate, projected rate adjustments after year 7 (based on current SOFR levels), and all applicable fees, annualized across the loan term. Because it must project future adjustments that have not yet occurred, the ARM APR is less precise than the APR on a fixed-rate loan — but it remains the best tool for comparing all-in costs across multiple lenders. Focus on APR comparisons alongside the rate, cap structure, and margin when evaluating offers.

How are 7/1 Jumbo ARM rates determined?

Lenders price 7/1 Jumbo ARM rates primarily based on the 7-year U.S. Treasury yield and SOFR, adding a spread for credit risk, jumbo loan premium, servicing costs, and profit margin. Because jumbo loans are portfolio products held on lender balance sheets, pricing varies more across lenders than with conforming loans — making comparison shopping especially valuable. Your individual rate is also shaped by credit score, loan-to-value ratio, property type, and loan amount, with better pricing generally available for loans with 20%+ equity and scores above 760.

What are today's best 7/1 Jumbo ARM rates?

  • Westerra Credit Union: 5.75% (Jumbo 7/6M SOFR ARM - Purchase)
  • Rockland Federal Credit Union: 5.75% (7/6 ARM - Jumbo)
  • Member One Federal Credit Union: 5.38% (7-Year Jumbo ARM)
  • Virginia Credit Union: 5.38% (7-Year Jumbo ARM)
  • Ventura County Credit Union: 6.38% (7/6 ARM 5/1/5 Jumbo 30 day avg. SOFR)
30-Year Fixed rates reflect actual verified offers from lenders actively lending to borrowers across the country. Your final approved rate will depend on your credit profile, loan-to-value ratio, and daily market movements. Last Updated: June 27, 2026

More Mortgage Rate Options

30
30-Year Fixed Mortgage Rates Best for long-term stability
15
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30J
30-Year Jumbo Mortgage Rates Loans above conforming limits
15J
15-Year Jumbo Mortgage Rates Shorter term, high-balance
3/1
3/1 ARM Rates 3-year fixed, then adjusts
5/1
5/1 ARM Rates 5-year fixed, then adjusts
7/1
7/1 ARM Rates 7-year fixed, then adjusts
3/1J
3/1 Jumbo ARM Rates Short-term jumbo ARM
5/1J
5/1 Jumbo ARM Rates Mid-term jumbo ARM
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FHA
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