5/1 Adjustable-Rate Mortgage (ARM) vs Industrial Production Index (Monthly Change)
5/1 Adjustable-Rate Mortgage (ARM) is currently 6.2% (down -0.1%). Industrial Production Index (Monthly Change) is currently -0.3% (down -1.0%).
| Metric | 5/1 Adjustable-Rate Mortgage (ARM) | Industrial Production Index (Monthly Change) |
|---|---|---|
| Current value | 6.2% | -0.3% |
| Previous reading | 6.22% | 0.7% |
| Change | -0.1% | -1.0% |
| Trend | down | down |
| Frequency | Weekly | Monthly |
| Source | Freddie Mac | Federal Reserve |
| Last updated | 2026-04-03 | 2026-03-18 |
| Category | rates | growth |
What 5/1 Adjustable-Rate Mortgage (ARM) measures
The 5/1 adjustable-rate mortgage (ARM) offers a fixed rate for the first 5 years, then adjusts annually based on a benchmark index plus a margin. ARMs typically start with a lower rate than 30-year fixed mortgages, making them attractive for buyers who plan to sell or refinance within 5-7 years.
At 6.17%, the 5/1 ARM offers a modest discount to the 30-year fixed rate of 6.64%. When this spread is narrow (under 0.5%), the risk-reward of choosing an ARM is less compelling — you take on rate adjustment risk for relatively little savings. A wider spread (1%+) makes ARMs more attractive. For real estate investors and corporate relocation programs, ARMs can reduce carrying costs on properties held for short periods.
What Industrial Production Index (Monthly Change) measures
The Industrial Production Index measures the real output of manufacturing, mining, and electric and gas utilities. It is a coincident indicator that moves with the business cycle and reflects the goods-producing sector of the economy.
Industrial production fell 0.3% in March after strong February gains. Manufacturing, which accounts for about 75% of the index, has been volatile as companies adjust inventory levels. For executives in manufacturing and industrial sectors, the mixed readings suggest uneven demand rather than a clear downturn. The services sector remains the primary driver of U.S. economic growth.
Frequently asked
5/1 Adjustable-Rate Mortgage (ARM) is currently 6.2%, down -0.1% from the previous reading. Source: Freddie Mac, updated weekly.
Industrial Production Index (Monthly Change) is currently -0.3%, down -1.0% from the previous reading. Source: Federal Reserve, updated monthly.
At 6.17%, the 5/1 ARM offers a modest discount to the 30-year fixed rate of 6.64%. When this spread is narrow (under 0.5%), the risk-reward of choosing an ARM is less compelling — you take on rate adj Industrial production fell 0.3% in March after strong February gains. Manufacturing, which accounts for about 75% of the index, has been volatile as companies adjust inventory levels. For executives i