3/1 ARM Mortgage Rates in Oklahoma
Updated: August 22, 2017
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Displaying rates for Mortgage Refinance in OK for $200,000
| PRODUCTS | RATES | +/- |
| 30 Year Fixed |
4.19%
|
|
| 15 Year Fixed |
3.16%
|
|
| 5/1 ARM |
3.17%
|
|
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Mortgage rates for Oklahoma go up to 4.19%
Tuesday, August 22, 2017
Mortgage rates for Oklahoma on Lender411 for 30-year fixed-rate mortgages are at 4.19%. That increased from 4.06% to 4.19%. The 15-year fixed rates are now at 3.16%. The 5/1 ARM mortgage for Oklahoma is now at 3.17%.
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 Oklahoma.
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