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7/1 ARM Mortgage Rates in New York

Updated: January 18, 2019

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

PRODUCTS RATES +/-
30 Year Fixed 4.48%
15 Year Fixed 3.75%
5/1 ARM 4.17%
Friday, January 18, 2019

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Mortgage rates for New York go up to 4.48%

Friday, January 18, 2019

Mortgage rates for New York on Lender411 for 30-year fixed-rate mortgages are at 4.48%. That increased from 4.44% to 4.48%. The 15-year fixed rates are now at 3.75%. The 5/1 ARM mortgage for New York 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 New York. 

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