5/1 ARM Mortgage Rates in Minnesota
Updated: January 16, 2019
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Displaying rates for Mortgage Refinance in MN for $200,000
| PRODUCTS | RATES | +/- |
| 30 Year Fixed |
4.87%
|
|
| 15 Year Fixed |
3.75%
|
|
| 5/1 ARM |
4.13%
|
|
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Mortgage rates for Minnesota go up to 4.87%
Wednesday, January 16, 2019
Mortgage rates for Minnesota on Lender411 for 30-year fixed-rate mortgages are at 4.87%. That increased from 4.57% to 4.87%. The 15-year fixed rates are now at 3.75%. The 5/1 ARM mortgage for Minnesota 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 Minnesota.
Local Cities
Chanhassen | Duluth | Eden Prairie | Hadley | Mankato | Maple Grove | Minneapolis | Moorhead | Rochester | St. Cloud | St. Paul | White Bear Lake | Woodbury | Worthington
