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US 7/6 ARM Rates Average 6.5% Amid Fixed-Rate Dominance

7/15/2026

48 11 Full Breakdown

Summary

Story summary

U.S. lenders listed 7/6 adjustable-rate mortgage (ARM) rates ranging from 5.875% at Bank of America to 6.750% at Zillow on July 9, 2026.
On July 13, 2026 the average 7/6 ARM rate was 6.519% for conforming loans and 6.177% for jumbo loans tied to the Secured Overnight Financing Rate (SOFR).
About 92% of mortgages are fixed-rate and 8% are ARMs.

History

Historical Context

In 2008 the subprime crisis peaked, spurring adjustable-rate mortgage defaults and a Federal Reserve rate cut to 0.25 % in December. That year Bank of America originated $45 billion of ARMs, a market later reshaped by the shift from LIBOR to the Secured Overnight Financing Rate. Today lenders price 7/6 ARMs at 5.875-6.75 % while fixed-rate loans hold about 92 % of new mortgages.

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Story summary

U.S. lenders listed 7/6 adjustable-rate mortgage (ARM) rates ranging from 5.875% at Bank of America to 6.750% at Zillow on July 9, 2026.
On July 13, 2026 the average 7/6 ARM rate was 6.519% for conforming loans and 6.177% for jumbo loans tied to the Secured Overnight Financing Rate (SOFR).
About 92% of mortgages are fixed-rate and 8% are ARMs.

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