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5/1 ARM Mortgage Rates in New York

Updated: November 24, 2017

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

2.987%

APR
5 Year ARM
2.940% Rate $837/mo
  • Check out our $295 closing cost options.

2.779%

APR
5 Year ARM
0.033% Rate $558/mo
  • Updated November 24, 2017
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PRODUCTS RATES +/-
30 Year Fixed 1.76%
15 Year Fixed 0.03%
5/1 ARM 0.03%
Friday, November 24, 2017

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Mortgage rates for New York go down to 1.76%

Friday, November 24, 2017

Mortgage rates for New York on Lender411 for 30-year fixed-rate mortgages are at 1.76%. That dropped from 1.76% to 1.76%. The 15-year fixed rates are now at 0.03%. The 5/1 ARM mortgage for New York is now at 0.03%.

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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