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5/1 ARM Mortgage Rates in Alabama

Updated: February 25, 2020

Search Rates

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

3.162%

APR
5 Year ARM
3.125% Rate $857/mo
  • Updated February 25, 2020
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4.716%

APR
5 Year ARM
3.375% Rate $884/mo
  • Updated February 25, 2020
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4.779%

APR
5 Year ARM
3.375% Rate $884/mo
  • Updated February 25, 2020
  • Internet direct lender since 1998. View rates & fees, apply/lock online 24/7
PRODUCTS RATES +/-
30 Year Fixed 3.25%
15 Year Fixed 2.87%
5/1 ARM 4.13%
Tuesday, February 25, 2020

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Mortgage rates for Alabama go down to 3.25%

Tuesday, February 25, 2020

Mortgage rates for Alabama on Lender411 for 30-year fixed-rate mortgages are at 3.25%. That dropped from 3.35% to 3.25%. The 15-year fixed rates are now at 2.87%. The 5/1 ARM mortgage for Alabama is now at 4.13%.

5/1 ARM Mortgage Rate Explained

5/1 ARM is an adjustable rate mortgage where the interest rate on the loan and hence the payment of the loan stays the same during the first 5 years. After that the rate will change based on its "margin" and "index" . Above you will find 5/1 ARM refinance rates for national and local lenders in Alabama. 

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