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5/1 ARM Mortgage Rates in Alabama

Updated: December 16, 2017

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

3.991%

APR
5 Year ARM
3.375% Rate $884/mo
  • Updated December 16, 2017
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PRODUCTS RATES +/-
30 Year Fixed 4.11%
15 Year Fixed 3.34%
5/1 ARM 3.46%
Saturday, December 16, 2017

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Mortgage rates for Alabama go down to 4.11%

Saturday, December 16, 2017

Mortgage rates for Alabama on Lender411 for 30-year fixed-rate mortgages are at 4.11%. That dropped from 4.11% to 4.11%. The 15-year fixed rates are now at 3.34%. The 5/1 ARM mortgage for Alabama is now at 3.46%.

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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