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3/1 ARM Mortgage Rates in Alabama

Updated: April 06, 2020

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

5.156%

APR
3 Year ARM
4.250% Rate $984/mo
  • Updated April 06, 2020
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PRODUCTS RATES +/-
30 Year Fixed 3.38%
15 Year Fixed 3.41%
5/1 ARM 4.13%
Monday, April 06, 2020

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Mortgage rates for Alabama go down to 3.38%

Monday, April 6, 2020

Mortgage rates for Alabama on Lender411 for 30-year fixed-rate mortgages are at 3.38%. That dropped from 3.38% to 3.38%. The 15-year fixed rates are now at 3.41%. The 5/1 ARM mortgage for Alabama is now at 4.13%.

3/1 ARM Mortgage Rate Explained

3/1 ARM is an adjustable rate mortgage where the monthly payment (principal and interest) of the loan does not change during 3 years. After that the rate will change based on its "margin" and "index" . Above you will find 3/1 ARM refinance rates for national and local lenders in Alabama. 

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