The rate provided by Home Loan Advisor is for a typical Adjustable Rate Mortgage(ARM) with a rate of 3% for a 30-year $200,000 5-year Adjustable ARM. This would apply for both purchase and refinance loans and is based on general criteria such as: a borrower with good credit, average income, financing an owner occupied single family home with a 30% down payment (or 70% loan to value).