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5/1 ARM Mortgage Rates in South Dakota

Updated: February 28, 2020

Search Rates

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

3.031%

APR
5 Year ARM
3.000% Rate $844/mo
  • Updated February 28, 2020
  • Internet direct lender since 1998. View rates & fees, apply/lock online 24/7
PRODUCTS RATES +/-
30 Year Fixed 3.25%
15 Year Fixed 2.87%
5/1 ARM 4.13%
Friday, February 28, 2020

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Mortgage rates for South Dakota go down to 3.25%

Friday, February 28, 2020

Mortgage rates for South Dakota on Lender411 for 30-year fixed-rate mortgages are at 3.25%. That dropped from 3.25% to 3.25%. The 15-year fixed rates are now at 2.87%. The 5/1 ARM mortgage for South Dakota is now at 4.13%.

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 South Dakota. 

Local Cities

Brookings | Camp Crook | Clark | Rapid City | Redig | Sioux Falls

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