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3/1 ARM Mortgage Rates in Minnesota

Updated: April 26, 2017

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

3.592%

APR
3 Year ARM
3.500% Rate $899/mo
  • Updated April 26, 2017
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3.918%

APR
3 Year ARM
3.375% Rate $884/mo
  • Updated April 26, 2017
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PRODUCTS RATES +/-
30 Year Fixed 4.19%
15 Year Fixed 3.31%
5/1 ARM 3.40%
Wednesday, April 26, 2017

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Mortgage rates for Minnesota go up to 4.19%

Wednesday, April 26, 2017

Mortgage rates for Minnesota on Lender411 for 30-year fixed-rate mortgages are at 4.19%. That increased from 4.15% to 4.19%. The 15-year fixed rates are now at 3.31%. The 5/1 ARM mortgage for Minnesota is now at 3.40%.

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 Minnesota. 

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