Alabama Conventional Mortgage Rates
Updated: February 24, 2021
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Displaying rates for Mortgage Refinance in AL for $200,000
NMLS# 1168 License# MC 21069 |
3.289%APR  30 Year Fixed |
3.250% Rate | $871/mo |
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NMLS# 6606 |
3.175%APR30 Year Fixed |
3.100% Rate | $855/mo |
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NMLS# 2890 License# MC4972 |
3.003%APR30 Year Fixed |
3.000% Rate | $844/mo |
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NMLS# 925476 |
3.261%APR30 Year Fixed |
3.250% Rate | $871/mo |
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| PRODUCTS | RATES | +/- |
| 30 Year Fixed |
3.00%
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| 15 Year Fixed |
2.56%
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| 5/1 ARM |
4.56%
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Mortgage rates for Alabama go down to 3.00%
Wednesday, February 24, 2021
Mortgage rates for Alabama on Lender411 for 30-year fixed-rate mortgages are at 3.00%. That dropped from 3.00% to 3.00%. The 15-year fixed rates are now at 2.56%. The 5/1 ARM mortgage for Alabama is now at 4.56%.
Conventional Mortgage Rates & Loan Limits in Alabama
A conventional mortgage loan is a home loan that is not backed directly by the federal government such as the FHA and VA loans. However, conforming conventional mortgage loans follow the terms and conditions set by the government sponsored enterprises (GSEs): Freddie Mac and Fannie Mae. When buying a home in Alabama or refinancing your existing mortgage, a conventional mortgage should definitey be an option. Conventional mortgages have low closing costs and flexible payment options. Check out our main page on Conventional Home Mortgage Rates.
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