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7/1 ARM Mortgage Rates in Ohio

Updated: April 24, 2018

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

4.327%

APR
7 Year ARM
4.250% Rate $984/mo
  • Updated April 24, 2018
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4.322%

APR
7 Year ARM
3.875% Rate $940/mo
  • Updated April 24, 2018
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PRODUCTS RATES +/-
30 Year Fixed 4.64%
15 Year Fixed 3.85%
5/1 ARM 3.88%
Tuesday, April 24, 2018

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Mortgage rates for Ohio go up to 4.64%

Tuesday, April 24, 2018

Mortgage rates for Ohio on Lender411 for 30-year fixed-rate mortgages are at 4.64%. That increased from 4.55% to 4.64%. The 15-year fixed rates are now at 3.85%. The 5/1 ARM mortgage for Ohio is now at 3.88%.

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 Ohio. 

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