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5/1 ARM Mortgage Rates in Ohio

Updated: August 20, 2017

Search Rates

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

2.825%

APR
5 Year ARM
2.750% Rate $817/mo
  • Updated August 20, 2017
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2.836%

APR
5 Year ARM
2.790% Rate $821/mo
  • Check out our $295 closing cost options.
PRODUCTS RATES +/-
30 Year Fixed 3.75%
15 Year Fixed 3.13%
5/1 ARM 3.38%
Sunday, August 20, 2017

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Mortgage rates for Ohio go down to 3.75%

Sunday, August 20, 2017

Mortgage rates for Ohio on Lender411 for 30-year fixed-rate mortgages are at 3.75%. That dropped from 3.96% to 3.75%. The 15-year fixed rates are now at 3.13%. The 5/1 ARM mortgage for Ohio is now at 3.38%.

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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