5/1 ARM Mortgage Rates in Ohio
Updated: June 23, 2018
Search Rates
Displaying rates for Mortgage Refinance in OH for $200,000
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4.221%APR  5 Year ARM |
3.875% Rate | $940/mo |
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| PRODUCTS | RATES | +/- |
| 30 Year Fixed |
4.82%
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| 15 Year Fixed |
3.84%
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| 5/1 ARM |
4.00%
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Mortgage rates for Ohio go down to 4.82%
Saturday, June 23, 2018
Mortgage rates for Ohio on Lender411 for 30-year fixed-rate mortgages are at 4.82%. That dropped from 4.89% to 4.82%. The 15-year fixed rates are now at 3.84%. The 5/1 ARM mortgage for Ohio is now at 4.00%.
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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