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Adjustable Mortgage Rates in Minnesota

Updated: April 08, 2020

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Displaying rates for Mortgage Refinance in MN for $200,000

3.215%

APR
30 Year Fixed
3.000% Rate $843/mo
  • Updated April 08, 2020
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PRODUCTS RATES +/-
30 Year Fixed 3.25%
15 Year Fixed 2.83%
5/1 ARM 4.17%
Wednesday, April 08, 2020

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Mortgage rates for Minnesota go down to 3.25%

Wednesday, April 8, 2020

Mortgage rates for Minnesota on Lender411 for 30-year fixed-rate mortgages are at 3.25%. That dropped from 3.38% to 3.25%. The 15-year fixed rates are now at 2.83%. The 5/1 ARM mortgage for Minnesota is now at 4.17%.

ARM Rates in Minnesota 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 Minnesota 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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