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5/1 ARM Mortgage Rates in New York

Updated: December 07, 2019

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

3.287%

APR
5 Year ARM
3.250% Rate $871/mo
  • Updated December 07, 2019
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4.716%

APR
5 Year ARM
3.375% Rate $884/mo
  • Updated December 07, 2019
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5.002%

APR
5 Year ARM
4.375% Rate $999/mo
  • Updated December 07, 2019
  • Compare up to 5 Offers, Against a Network of 1000s of Lenders
  • 3.411% APR
  • Fixed Rate 30yr
PRODUCTS RATES +/-
30 Year Fixed 3.67%
15 Year Fixed 3.38%
5/1 ARM 4.17%
Saturday, December 07, 2019

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Mortgage rates for New York go down to 3.67%

Saturday, December 7, 2019

Mortgage rates for New York on Lender411 for 30-year fixed-rate mortgages are at 3.67%. That dropped from 3.70% to 3.67%. The 15-year fixed rates are now at 3.38%. The 5/1 ARM mortgage for New York 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 New York. 

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