Mortgage rates for Alabama
go down to 4.63%
Saturday, September 20, 2014
Mortgage rates for Alabama on Lender411 for 30-year fixed-rate mortgages are at 4.63%.
That dropped from 4.67% to 4.63%.
The 15-year fixed rates are now at 3.79%. The 5/1 ARM mortgage for Alabama is now at 4.33%.
30 Year Fixed Mortgage Rate Explained
30 year fixed mortgage is probably the most popular fixed rate loan available. The monthly principal and interest payments of this type of loan never change during its life and the loan is "amortized" so that it will be completely paid off by the end of the loan term. Above you will find 30-year fixed refinance rates for national and local lenders in Alabama. You can also compare national current refinance rates.
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