Adjustable-rate mortgage

Enjoy the power of fixed and the flexibility of adjustable. Start with fixed rates for lower monthly payments and more borrowing power, then move to an adjustable rate. It’s a great way to get the home you want.

Body (Limited)

The index used in setting the interest rate for many adjustable-rate consumer financial products is going away.

Here's what you need to know about LIBOR and adjustable-rate loans

10/30/2020 Adjustable-rate mortgage rates

Conventional 10/1¹


2.77% APR

Conventional 7/1¹


2.694% APR

Conventional 5/1¹


2.652% APR

Note that down payment is not included in the calculation.

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Frequently Asked Questions


The following information applies to the mortgage products featured above

  • Featured Rates include 0.125% off the rate with an automatic payment deduction (ACH) from a Webster Bank Personal Checking account, for loan amounts up to $1,000,000. There are no ACH discounts for loan amounts over $1,000,000. This discount does not apply to Government Assisted Mortgages. ACH offer is subject to change without notice and may be withdrawn at any time.
  • The payment amount shown includes principal and interest. Your actual payment will be higher if escrow payments for property taxes and/or insurance are made in addition to the regularly scheduled loan payment.
  • Combined Loan to Value (CLTV) up to 90% for certain mortgage products, property types and loan amounts.
  • Mortgages are available in CT, MA, NY and RI.
  • Rate assumes purchase of a primary residence, single-family property.
  • Actual rates may vary based on credit qualifications, loan amount, CLTV, term and geography. Rates are subject to change on a daily basis.
  • All loans are subject to the normal credit approval process.
  • APR assumes 20% down payment for a single-family property and a Loan Origination fee of $900. APR also includes 0% - 2.0% (points) of the loan amount depending on which rate option is selected.
  • Interest rates based on the average of the London Interbank Offered Rates (LIBOR) for one year dollar deposits as published in The Wall Street Journal.

1Adjustable-Rate Mortgage: Annual Percentage Rate (APR) on a Webster Adjustable Rate mortgage is listed as an example only and does not represent a guaranteed rate by Webster Bank. Rate quoted is valid as of the effective date listed on the Adjustable Rate mortgage page. Rates are subject to change at any time. Please call 1-877-647-5137 or visit to check the latest rates. Rate quoted is a variable rate and will change annually after the initial fixed period. The interest rate will be determined by adding the index to the margin. Rate assumes a loan amount of $510,400 and automatic payments (ACH) made from a Webster personal checking account. This discount does not apply to all mortgage products. All loans are subject to the credit approval process. This offer is subject to change without notice and may be withdrawn at any time. Rate assumes purchase of a primary residence, single family property.