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5/1 ARM Mortgage Rates in New York

Updated: August 16, 2018

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

PRODUCTS RATES +/-
30 Year Fixed 5.12%
15 Year Fixed 3.63%
5/1 ARM 0.00%
Thursday, August 16, 2018

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Mortgage rates for New York go down to 5.12%

Thursday, August 16, 2018

Mortgage rates for New York on Lender411 for 30-year fixed-rate mortgages are at 5.12%. That dropped from 5.12% to 5.12%. The 15-year fixed rates are now at 3.63%. The 5/1 ARM mortgage for New York is now at 0.00%.

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 New York. 

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