5/1 ARM Mortgage Rates in Ohio
Updated: August 20, 2017
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Displaying rates for Mortgage Refinance in OH for $200,000
NMLS# 2890 License# MBMB.850089.000 |
2.825%APR  5 Year ARM |
2.750% Rate | $817/mo |
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NMLS# 449401 |
2.836%APR5 Year ARM |
2.790% Rate | $821/mo |
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| PRODUCTS | RATES | +/- |
| 30 Year Fixed |
3.75%
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| 15 Year Fixed |
3.13%
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| 5/1 ARM |
3.38%
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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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