Adjustable Rate Mortgages & Rates | BCCU

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Bellwether's Adjustable Rate Mortgages (ARM's) are home loans that are not fixed for the entire term of the loan. In general, ARM interest rates for the initial period of the loan are usually lower than fixed rate mortgages. Most ARM loans have an initial period where the rate is fixed, but the rate can change after that fixed period. These loans involve more risk than fixed rate mortgages but they can also save you money. Our New Hampshire loan officers are happy to discuss the features and benefits of an ARM with you, to help you determine if an ARM is right for your situation. We have also recently expanded our membership to include anyone living or working in Essex or Middlesex Counties in Massachusetts.


Rates effective as of November 29, 2020

Adjustable Rate Mortgages (ARMs)*
Effective Date: Sunday, November 29th, 2020
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Payment examples shown below do not include taxes or insurance. Your payment may be greater.
Account TypeRateTermAnnual Percentage Rate (APR) As Low As*Payment Example*
1/1 ARM CMT 3.250% 30 years
3.250% initial rate
2.875% fully indexed
4.193% APR Mos 1-12:
Fully indexed:
3/1 ARM CMT 3.250% 30 years
3.250% initial rate
2.875% fully indexed
4.426% APR Mos 1-36:
Fully indexed:
5/1 ARM CMT 3.375% 30 years
3.375% initial rate
2.875% fully indexed
4.278% APR Mos 1-60:
Fully indexed:
5/5 ARM CMT 2.875% 30 years
2.875% initial rate
2.750% fully indexed
2.866% APR Mos 1-60:
Fully indexed:
Easy Start 5/5 ARM CMT 3.375% 30 years
3.375% initial rate
2.750% fully indexed
3.724% APR Mos 1-60:
Fully indexed:
7/1 ARM CMT 3.625% 30 years
3.625% initial rate
2.875% fully indexed
4.015% APR Mos 1-84:
Fully indexed:
10/1 ARM CMT 3.750% 30 years
3.750% initial rate
2.875% fully indexed
3.968% APR Mos 1-120:
Fully indexed:


* All rates and Annual Percentage Rates (APR) subject to change without notice. APR and payment example are based on a $200,000 loan and a 20% down payment. ARM CMT loans shown have a 30 year term, are payable monthly, and include an adjustable rate feature. Initial rate is fixed for the initial period and then one year adjustable thereafter.



1/1, 3/1, and 5/1 ARM CMT = 2/2/6
7/1 and 10/1 ARM CMT = 5/2/5
5/5 ARM CMT = 2/2/5

Index and Margin
Index: One Year US Treasury Bill. As of 11/13/2020: 0.12, Margin: 2.75%, Your rate will be rounded up to the nearest eighth.

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