Compare today's mortgage rates

Compare 10-year ARM mortgage rates | Monday, February 2, 2026

Rates are current as of February 2, 2026 4:04 PM EST

National average mortgage rates:

10-Year ARM

APR 5.99%

-0.01% 1w

5-Year ARM

APR 6.41%

-0.02% 1w

30-Year Fixed

APR 5.99%

-0.01% 1w

6 ResultsShowing rates for: Purchase, Good (720-739), $500,000, 10-year ARM, Single-family, Primary residence

License information

6 Results for: Purchase, Good (720-739), $500,000, 10-year ARM, Single-family, Primary residence.

NMLS#1880338

APR

6.13%

APR

6.13%

Interest rate

5.88%

Est. mo. payment

$2,367/mo

Total fees

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Next Door Lending is a wholly-owned subsidiary of NerdWallet

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The Nerdy headline

Next Door Lending, a mortgage broker, offers expert assistance shopping for and closing a loan, as well as specialty loans at competitive rates. Mortgages are not available in every state.

What we like

Offers a variety of loan types, including first-time buyer programs and loans for self-employed borrowers.
Real-time rate quotes available while working with a broker.
Responsive customer service.
Competitive pricing often available, especially for non-traditional borrowers.

What we don't like

Does not publish interest rates online.
No mortgage mobile app.
Loans are not available in every state.

NMLS#407985

APR

6.33%

APR

6.33%

Interest rate

6.25%

Est. mo. payment

$2,463/mo

Total fees

$1,690

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The Nerdy headline

Midwest-rooted Central Bank offers an online application, which you can track via mobile app. But you’ll have to contact the bank for mortgage rates.

Home loans overall

NerdWallet rating

4.0

What we like

Among the best when it comes to online convenience.
Offers a full selection of mortgage types and products, including jumbo, home equity, and government loans.
Claims to offer preapproval within 24 hours of loan application.

What we don't like

You'll have to complete a loan application to see mortgage interest rates.
Bank branch locations limited to the Midwest.
Does not offer home equity lines of credit.

NMLS#408902

APR

6.39%

APR

6.39%

Interest rate

6.38%

Est. mo. payment

$2,496/mo

Total fees

$707

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The Nerdy headline

First Federal Bank stands out for its exceptionally low interest rates and its emphasis on government loans. Most likely to appeal to borrowers shopping for low rates and fees.

Home loans overall

NerdWallet rating

5.0

What we like

Strong experience in FHA and VA lending.
Average mortgage rates are on the low side, according to the latest federal data.
Minimum credit score requirement of 580 for some loans, which is lower than some competitors.

What we don't like

No mobile app.
Home equity lending is not a priority.
Does not offer renovation loans, but does offer construction loans.

NMLS#2389303

APR

6.48%

APR

6.48%

Interest rate

6.50%

Est. mo. payment

$2,529/mo

Total fees

$899

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The Nerdy headline

Home loans overall

NerdWallet rating

4.5

What we like

Offers a variety of mortgage options, including jumbo loans, and FHA and VA loans.
Offers home equity loans and lines of credit.
Displays customized rates, with fee estimates, without requiring contact information.

What we don't like

Doesn’t offer mortgages in all 50 states.
Home renovation loans are not available.

NMLS#613839

APR

6.65%

APR

6.65%

Interest rate

6.75%

Est. mo. payment

$2,595/mo

Total fees

$975

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The Nerdy headline

Farmers Bank of Kansas City lets you browse rates and apply online, but branches are Kansas-only. Get discounts by using the bank’s partner real estate network.

Home loans overall

NerdWallet rating

4.5

What we like

Displays customized rates, with fee estimates, without requiring contact information.
Offers home equity loans and lines of credit.
Mortgage origination fees are on the low side compared to other lenders, according to the latest federal data.

What we don't like

Doesn’t offer government-backed FHA or USDA loans, or adjustable-rate mortgages.
Home renovation loans are not available.
Mortgage rates are on the high side compared to other lenders, according to the latest federal data.

NMLS#409631

APR

6.66%

APR

6.66%

Interest rate

6.75%

Est. mo. payment

$2,595/mo

Total fees

$1,575

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The Nerdy headline

NBKC stands out for its attractive interest rates and fees, and is primarily an online lender — though its app does not have mortgage features and chat support is not geared toward mortgage borrowers.

Home loans overall

NerdWallet rating

4.5

What we like

Competitive interest rates and fees.
Offers most common loan types, as well as a handful of specialty loans.
Payouts are available to borrowers whose loans don’t close on time.

What we don't like

Customer service is only accessible over the phone for many mortgage customers.
Does not offer renovation loans.
Home equity products are not currently a lending priority.

About these rates: The lenders whose rates appear on this table are NerdWallet's advertising partners. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a lender's site. The terms advertised here are not offers and do not bind any lender. The rates shown here are retrieved via the Mortech rate engine and are subject to change. These rates do not include taxes, fees, and insurance. Your actual rate and loan terms will be determined by the partner's assessment of your creditworthiness and other factors. Any potential savings figures are estimates based on the information provided by you and our advertising partners.

Explore historical mortgage rate trends

See how rates have changed over time to understand past patterns and economic fluctuations

Historical timeline

Loan purpose

Loan type

National average 6.00%

Today's average mortgage rates

Product	Interest rate	APR
30-year Fixed	5.99%	6.00%
30-year Fixed FHA	6.12%	6.86%
30-year Fixed VA	5.54%	5.71%
20-year Fixed	5.97%	5.97%
15-year Fixed	5.45%	5.47%
10-year Fixed	5.47%	5.50%
3-year ARM	8.19%	7.46%
5-year ARM	6.09%	6.41%
7-year ARM	5.85%	6.22%
10-year ARM	5.99%	6.00%

Accurate as of 02/02/2026.

Data source: ©Zillow, Inc. 2025. Use is subject to the Terms of Use

Today's 10-year ARM rates | Monday, February 2, 2026

Last updated 4:04 PM EST

On Monday afternoon, February 2, 2026, the average interest rate on a 10-year adjustable-rate mortgage fell three basis points to 5.99% APR, compared to yesterday.

The 10-year ARM rate is one basis point lower than one week ago and 67 basis points lower than one year ago.

A basis point is one hundredth of a percent, or 0.01%. We describe mortgage rates’ ups and downs in basis points because they simplify comparisons.

NerdWallet’s rates are expressed as an annual percentage rate, or APR, and our mortgage rates data comes from Zillow.

10-Year ARM Mortgage Rates

NerdWallet’s mortgage comparison tool can help you compare 10-year ARMs and choose the one that works best for you. Just enter some information and you’ll get customized rate quotes chosen from hundreds of participating lenders. No need to give out any personal information or go through a credit check.

What is a 10-year ARM?

A 10-year adjustable rate mortgage, also known as a 10/6 ARM or 10y/6m ARM, is an adjustable-rate mortgage (ARM) with an interest rate that is initially fixed for 10 years then adjusts every six months. The “10” refers to the number of initial years with a fixed rate, and the “6” refers to how often the rate adjusts in months after the initial period.

The initial fixed interest rate is typically at a low introductory level. After the initial fixed period, the new, adjustable rate, which changes twice a year, is tied to an interest rate index that moves based on a variety of economic and financial market factors. After the introductory period, your interest rate will reset to the indexed rate and then go up if the index rises, and drop if it falls. If you don’t refinance, you’d pay off the loan in 30 years.

When should you consider a 10-year ARM?

A 10-year ARM makes sense if you plan to refinance your mortgage or sell your house before the introductory rate expires or if you expect the value of your house to rise quickly. If you choose an ARM, you’ll likely be able to qualify for a larger loan because of the low introductory rate. But be careful, your interest rate and monthly payment will increase after the 10-year introductory period, and can climb substantially depending on the terms of your specific loan.

ARM glossary

Rate cap: The maximum amount your loan’s interest rate can increase for each designated period of time.
5/1/5: Tells you the limits on just how high your interest rate can go. In this example, the initial rate increase can be no more than 5 percentage points. Each subsequent adjustment can be no higher than 1 percentage point — and the last digit represents the lifetime maximum rate increase your loan will allow. In this case, a 5 percentage point maximum.
Index margin: Your loan’s rate is based on an interest rate index plus some fixed percentage. For example, an index rate of 2.25% plus a margin of 1.50 percentage points would mean your interest rate would be 3.75%.