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7/1 ARM Mortgage Rates in Florida

Updated: October 17, 2019

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

4.935%

APR
7 Year ARM
4.250% Rate $984/mo
  • Updated October 17, 2019
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PRODUCTS RATES +/-
30 Year Fixed 3.70%
15 Year Fixed 3.43%
5/1 ARM 4.19%
Thursday, October 17, 2019

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Mortgage rates for Florida go down to 3.70%

Thursday, October 17, 2019

Mortgage rates for Florida on Lender411 for 30-year fixed-rate mortgages are at 3.70%. That dropped from 3.72% to 3.70%. The 15-year fixed rates are now at 3.43%. The 5/1 ARM mortgage for Florida is now at 4.19%.

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 Florida. 

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