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7/1 ARM Mortgage Rates in New York

Updated: August 23, 2017

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

4.189%

APR
7 Year ARM
4.125% Rate $970/mo
  • Updated August 23, 2017
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3.790%

APR
7 Year ARM
3.375% Rate $884/mo
  • Updated August 23, 2017
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PRODUCTS RATES +/-
30 Year Fixed 4.25%
15 Year Fixed 3.22%
5/1 ARM 3.21%
Wednesday, August 23, 2017

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Mortgage rates for New York go up to 4.25%

Wednesday, August 23, 2017

Mortgage rates for New York on Lender411 for 30-year fixed-rate mortgages are at 4.25%. That increased from 3.94% to 4.25%. The 15-year fixed rates are now at 3.22%. The 5/1 ARM mortgage for New York is now at 3.21%.

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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