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7/1 ARM Mortgage Rates in New York

Updated: November 20, 2017

Search Rates

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

4.315%

APR
7 Year ARM
4.250% Rate $984/mo
  • Updated November 20, 2017
  • A+ Rating with the Better Business Bureau
PRODUCTS RATES +/-
30 Year Fixed 4.34%
15 Year Fixed 3.25%
5/1 ARM 3.33%
Monday, November 20, 2017

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Mortgage rates for New York go down to 4.34%

Monday, November 20, 2017

Mortgage rates for New York on Lender411 for 30-year fixed-rate mortgages are at 4.34%. That dropped from 4.34% to 4.34%. The 15-year fixed rates are now at 3.25%. The 5/1 ARM mortgage for New York is now at 3.33%.

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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