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3/1 ARM Mortgage Rates in Alabama

Updated: January 17, 2018

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

PRODUCTS RATES +/-
30 Year Fixed 4.24%
15 Year Fixed 3.38%
5/1 ARM 3.54%
Wednesday, January 17, 2018

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Mortgage rates for Alabama go down to 4.24%

Wednesday, January 17, 2018

Mortgage rates for Alabama on Lender411 for 30-year fixed-rate mortgages are at 4.24%. That dropped from 4.27% to 4.24%. The 15-year fixed rates are now at 3.38%. The 5/1 ARM mortgage for Alabama is now at 3.54%.

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. 

Local Cities

Anniston | Auburn | Birmingham | Dothan | Eufaula | Fairhope | Florence | Huntsville | Mobile | Montgomery | Phenix City | Selma | Tuscaloosa | Vernon

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