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7/1 ARM Mortgage Rates in Alabama

Updated: January 20, 2020

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

4.935%

APR
7 Year ARM
4.250% Rate $984/mo
  • Updated January 20, 2020
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PRODUCTS RATES +/-
30 Year Fixed 3.58%
15 Year Fixed 3.33%
5/1 ARM 4.17%
Monday, January 20, 2020

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Mortgage rates for Alabama go down to 3.58%

Monday, January 20, 2020

Mortgage rates for Alabama on Lender411 for 30-year fixed-rate mortgages are at 3.58%. That dropped from 3.58% to 3.58%. The 15-year fixed rates are now at 3.33%. The 5/1 ARM mortgage for Alabama is now at 4.17%.

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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