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5/1 ARM Mortgage Rates in Minnesota

Updated: January 28, 2020

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

3.288%

APR
5 Year ARM
3.250% Rate $871/mo
  • Updated January 28, 2020
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4.716%

APR
5 Year ARM
3.375% Rate $884/mo
  • Updated January 28, 2020
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PRODUCTS RATES +/-
30 Year Fixed 3.35%
15 Year Fixed 3.00%
5/1 ARM 4.17%
Tuesday, January 28, 2020

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Mortgage rates for Minnesota go down to 3.35%

Tuesday, January 28, 2020

Mortgage rates for Minnesota on Lender411 for 30-year fixed-rate mortgages are at 3.35%. That dropped from 3.38% to 3.35%. The 15-year fixed rates are now at 3.00%. The 5/1 ARM mortgage for Minnesota is now at 4.17%.

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 Minnesota. 

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Chanhassen | Duluth | Eden Prairie | Hadley | Mankato | Maple Grove | Minneapolis | Moorhead | Rochester | St. Cloud | St. Paul | White Bear Lake | Woodbury | Worthington

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