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7/1 ARM Mortgage Rates in Minnesota

Updated: February 25, 2020

Search Rates

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

3.161%

APR
7 Year ARM
3.125% Rate $857/mo
  • Updated February 25, 2020
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4.935%

APR
7 Year ARM
4.250% Rate $984/mo
  • Updated February 25, 2020
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PRODUCTS RATES +/-
30 Year Fixed 3.25%
15 Year Fixed 2.87%
5/1 ARM 4.13%
Tuesday, February 25, 2020

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Mortgage rates for Minnesota go down to 3.25%

Tuesday, February 25, 2020

Mortgage rates for Minnesota on Lender411 for 30-year fixed-rate mortgages are at 3.25%. That dropped from 3.42% to 3.25%. The 15-year fixed rates are now at 2.87%. The 5/1 ARM mortgage for Minnesota is now at 4.13%.

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 Minnesota. 

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Chanhassen | Duluth | Eden Prairie | Hadley | Mankato | Maple Grove | Minneapolis | Moorhead | Rochester | St. Cloud | St. Paul | White Bear Lake | Woodbury | Worthington

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