Adjustable Mortgage Rates in Alabama
Updated: March 29, 2020
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Displaying rates for Mortgage Refinance in AL for $200,000
NMLS# 1717824 |
3.724%APR  30 Year Fixed |
3.625% Rate | $913/mo |
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3.342%APR30 Year Fixed |
3.125% Rate | $857/mo |
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| PRODUCTS | RATES | +/- |
| 30 Year Fixed |
3.30%
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| 15 Year Fixed |
3.12%
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| 5/1 ARM |
4.13%
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Mortgage rates for Alabama go down to 3.30%
Sunday, March 29, 2020
Mortgage rates for Alabama on Lender411 for 30-year fixed-rate mortgages are at 3.30%. That dropped from 3.30% to 3.30%. The 15-year fixed rates are now at 3.12%. The 5/1 ARM mortgage for Alabama is now at 4.13%.
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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