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5/1 ARM Mortgage Rates in Texas

Updated: October 20, 2017

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

PRODUCTS RATES +/-
30 Year Fixed 3.90%
15 Year Fixed 2.88%
5/1 ARM 3.21%
Friday, October 20, 2017

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Mortgage rates for Texas go down to 3.90%

Friday, October 20, 2017

Mortgage rates for Texas on Lender411 for 30-year fixed-rate mortgages are at 3.90%. That dropped from 3.90% to 3.90%. The 15-year fixed rates are now at 2.88%. The 5/1 ARM mortgage for Texas is now at 3.21%.

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 Texas. 

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