Today’s Homebuyers Save $150 a Month By Choosing an Adjustable-Rate Mortgage—The Biggest Discount Since 2022
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Business Wire
The average rate for an ARM so far this month is 5.51%, compared with a 6.19% average for a 30-year fixed rate mortgageThe typical homebuyer using an ARM takes on a monthly payment of $2,578, down 7% from last year SEATTLE--(BUSINESS WIRE)--The typical homebuyer would save $150 per month taking out an adjustable-rate mortgage (ARM) instead of a 30-year fixed rate mortgage, according to a new report from Redfin, the real estate brokerage powered by Rocket. That’s a 5.8% discount, the biggest ARM users have had since June 2022 in both dollar and percentage terms.That’s because the average homebuyer using an ARM so far in March took on a 5.51% rate, while the average buyer taking out a fixed mortgage had a 6.19% rate. The ARM is 0.68 basis points lower—the biggest gap since June 2022.This is according to a Redfin analysis of 30-year fixed mortgage rates compared with 7/6 ARMs as of March 16, 2026.The typical monthly payment for a homebuyer using an ARM is $2,578, versus $2,727 for som
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