For example, a 5/1 ARM would have a fixed rate for ... lasts and how often your rate may adjust going forward. The indexed rate on an ARM is what causes the fully indexed rate to fluctuate for ...

For example, a 5/1 ARM will have the same rate for the first five years, then can adjust each year after that—meaning the rate might go up or down, based on the market. An ARM isn’t for everyone.