Adjustable Mortgage Rates in Alabama
Updated: October 22, 2019
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Displaying rates for Mortgage Refinance in AL for $200,000
NMLS# 2890 License# MC4972 |
3.751%APR  30 Year Fixed |
3.750% Rate | $927/mo |
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4.000%APR30 Year Fixed |
4.000% Rate | $955/mo |
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3.721%APR30 Year Fixed |
3.500% Rate | $898/mo |
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| PRODUCTS | RATES | +/- |
| 30 Year Fixed |
3.67%
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| 15 Year Fixed |
3.38%
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| 5/1 ARM |
4.17%
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Mortgage rates for Alabama go up to 3.67%
Tuesday, October 22, 2019
Mortgage rates for Alabama on Lender411 for 30-year fixed-rate mortgages are at 3.67%. That increased from 3.65% to 3.67%. The 15-year fixed rates are now at 3.38%. The 5/1 ARM mortgage for Alabama is now at 4.17%.
ARM Rates in Alabama Today
Adjustable Rate Mortgages (ARM)'s are loans whose interest rate can vary during the loan's term. These loans usually have a fixed interest rate for an initial period of time (usually lower rates) and then can adjust based on current market conditions. Adjustable rate mortgages are usually amortized over a period of 30 years with the initial rate being fixed for anywhere from 1 month to 10 years.
If you are buying a home in Alabama or refinancing into an ARM loan, you can find the best rates on Lender411.com. Check out the main page on Adjustable Mortgage Rates.
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