5/1 ARM Mortgage Rates in Ohio
Updated: July 06, 2020
Search Rates
Displaying rates for Mortgage Refinance in OH for $200,000
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5.046%APR  5 Year ARM |
4.500% Rate | $1,013/mo |
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| PRODUCTS | RATES | +/- |
| 30 Year Fixed |
3.03%
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| 15 Year Fixed |
2.56%
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| 5/1 ARM |
4.56%
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Mortgage rates for Ohio go down to 3.03%
Monday, July 6, 2020
Mortgage rates for Ohio on Lender411 for 30-year fixed-rate mortgages are at 3.03%. That dropped from 3.03% to 3.03%. The 15-year fixed rates are now at 2.56%. The 5/1 ARM mortgage for Ohio is now at 4.56%.
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 Ohio.
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