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7/1 ARM Mortgage Rates in New York

Updated: July 19, 2018

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

PRODUCTS RATES +/-
30 Year Fixed 5.12%
15 Year Fixed 3.84%
5/1 ARM 4.06%
Thursday, July 19, 2018

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Mortgage rates for New York go up to 5.12%

Thursday, July 19, 2018

Mortgage rates for New York on Lender411 for 30-year fixed-rate mortgages are at 5.12%. That increased from 4.87% to 5.12%. The 15-year fixed rates are now at 3.84%. The 5/1 ARM mortgage for New York is now at 4.06%.

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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