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7/1 ARM Mortgage Rates in Minnesota

Updated: December 11, 2019

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

4.935%

APR
7 Year ARM
4.250% Rate $984/mo
  • Updated December 11, 2019
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PRODUCTS RATES +/-
30 Year Fixed 3.69%
15 Year Fixed 3.38%
5/1 ARM 4.17%
Wednesday, December 11, 2019

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Mortgage rates for Minnesota go up to 3.69%

Wednesday, December 11, 2019

Mortgage rates for Minnesota on Lender411 for 30-year fixed-rate mortgages are at 3.69%. That increased from 3.65% to 3.69%. The 15-year fixed rates are now at 3.38%. The 5/1 ARM mortgage for Minnesota 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 Minnesota. 

Local Cities

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

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