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7/1 ARM Mortgage Rates in Minnesota

Updated: June 02, 2020

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

PRODUCTS RATES +/-
30 Year Fixed 2.96%
15 Year Fixed 2.56%
5/1 ARM 4.56%
Tuesday, June 02, 2020

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Mortgage rates for Minnesota go down to 2.96%

Tuesday, June 2, 2020

Mortgage rates for Minnesota on Lender411 for 30-year fixed-rate mortgages are at 2.96%. That dropped from 3.15% to 2.96%. The 15-year fixed rates are now at 2.56%. The 5/1 ARM mortgage for Minnesota is now at 4.56%.

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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