• A 5/6 Adjustable Rate Hybrid Mortgage (ARM 5/6 Hybrid) is a fixed rate mortgage for the first five years and then adjusted every six months thereafter.

  • The adjustable interest rate on hybrid ARM 5/6 is usually linked to a common benchmark index.
  • The biggest risk associated with the hybrid ARM 5/6 is that the adjustable interest rate will rise to a level that will make monthly payments unaffordable.