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7/1 ARM Mortgage Rates in Alabama

Updated: August 23, 2017

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

3.074%

APR
7 Year ARM
3.000% Rate $844/mo
  • Updated August 23, 2017
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4.189%

APR
7 Year ARM
4.125% Rate $970/mo
  • Updated August 23, 2017
  • A+ Rating with the Better Business Bureau

3.783%

APR
7 Year ARM
3.250% Rate $870/mo
  • Updated August 23, 2017
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PRODUCTS RATES +/-
30 Year Fixed 4.08%
15 Year Fixed 3.22%
5/1 ARM 3.21%
Wednesday, August 23, 2017

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Mortgage rates for Alabama go down to 4.08%

Wednesday, August 23, 2017

Mortgage rates for Alabama on Lender411 for 30-year fixed-rate mortgages are at 4.08%. That dropped from 4.08% to 4.08%. The 15-year fixed rates are now at 3.22%. The 5/1 ARM mortgage for Alabama is now at 3.21%.

7/1 ARM Mortgage Rate Explained

7/1 ARM is an adjustable rate mortgage where the interest rate on the loan remains constant for the first 7 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 Alabama. 

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