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5/1 ARM Mortgage Rates in New York

Updated: December 13, 2017

Search Rates

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

3.087%

APR
5 Year ARM
3.040% Rate $848/mo
  • Check out our $295 closing cost options.
PRODUCTS RATES +/-
30 Year Fixed 4.38%
15 Year Fixed 3.31%
5/1 ARM 3.42%
Wednesday, December 13, 2017

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Mortgage rates for New York go up to 4.38%

Wednesday, December 13, 2017

Mortgage rates for New York on Lender411 for 30-year fixed-rate mortgages are at 4.38%. That increased from 4.28% to 4.38%. The 15-year fixed rates are now at 3.31%. The 5/1 ARM mortgage for New York is now at 3.42%.

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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