Civic Federal Credit Union Daily Mortgage Rate Update – June 1, 2025
Today’s mortgage rate overview shows stability in adjustable-rate mortgage (ARM) products for purchase loans. Both the 5/1 Year ARM and the 10/1 Year ARM conforming programs remain unchanged compared to one week ago, with APRs holding steady at 7.137% and 7.553%, respectively.
Key Rate Movements
- The 5/1 Year ARM purchase loan APR remains flat, showing no change over the past seven days.
- Similarly, the 10/1 Year ARM purchase loan APR has held steady with zero movement in the last week.
- Due to the absence of data beyond seven days, longer-term trend analysis is limited; however, current figures indicate a period of rate stability for these adjustable products.
Impact on Members
For members considering a first-time home purchase or switching to an adjustable-rate product, today’s consistent rates mean predictable borrowing costs without recent upward pressure on interest expenses. Veterans and other buyers evaluating flexible ARM options will find current APRs stable, which helps in budgeting for initial years before potential adjustments after fixed periods.
Practical Financial Insight
Even small changes in APR can significantly affect monthly payments. For example, a movement of just 10 basis points (0.10%) on a $300,000 loan over 30 years can alter monthly payments by approximately $17. While today shows no such change, members should monitor any future rate shifts closely since ARMs can reset based on market movements after their initial fixed term.
Data-Driven Recommendation
Given the current flat rate environment for these ARMs, members should carefully assess their financial plans and risk tolerance regarding future rate adjustments. If you currently hold a higher-rate mortgage or anticipate increased income stability, exploring refinancing options or locking in fixed-rate loans when available may be prudent. Staying informed about ongoing rate trends will support transparent decision-making aligned with your long-term financial goals.
At Civic Federal Credit Union, we remain committed to providing clear and accurate mortgage information to empower our members with confidence in their home financing choices.