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5/1 ARM Mortgage Rates in New York

Updated: October 18, 2017

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

3.454%

APR
5 Year ARM
3.375% Rate $885/mo
  • Interest rates may change, but our commitment to good service won’t.

2.786%

APR
5 Year ARM
2.740% Rate $816/mo
  • Check out our $295 closing cost options.
PRODUCTS RATES +/-
30 Year Fixed 4.27%
15 Year Fixed 3.25%
5/1 ARM 3.29%
Wednesday, October 18, 2017

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Mortgage rates for New York go up to 4.27%

Wednesday, October 18, 2017

Mortgage rates for New York on Lender411 for 30-year fixed-rate mortgages are at 4.27%. That increased from 4.25% to 4.27%. The 15-year fixed rates are now at 3.25%. The 5/1 ARM mortgage for New York is now at 3.29%.

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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