Alabama Interest Only Mortgage Rates
Updated: September 20, 2018
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Displaying rates for Mortgage Refinance in AL for $200,000
NMLS# 417490 |
5.064%APR  30 Year Fixed |
4.990% Rate | $1,073/mo |
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5.176%APR30 Year Fixed |
5.125% Rate | $1,089/mo |
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5.375%APR30 Year Fixed |
5.375% Rate | $1,120/mo |
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5.176%APR30 Year Fixed |
5.125% Rate | $1,089/mo |
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| PRODUCTS | RATES | +/- |
| 30 Year Fixed |
5.00%
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| 15 Year Fixed |
4.13%
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| 5/1 ARM |
3.88%
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Mortgage rates for Alabama go up to 5.00%
Thursday, September 20, 2018
Mortgage rates for Alabama on Lender411 for 30-year fixed-rate mortgages are at 5.00%. That increased from 4.92% to 5.00%. The 15-year fixed rates are now at 4.13%. The 5/1 ARM mortgage for Alabama is now at 3.88%.
Interest Only Rates in Alabama
When you buy a home in Alabama or refinance your existing mortgage with an interest only mortgage loan, you are taking out a 30-year mortgage, electing to pay "interest only" (instead of principal + interest) for a set period of time, such as 3, 5, 7 or 10 years. After the end of the "interest only period", the monthly payments readjust to include the principal, and the loan is re-amortized for the remaining years. Check out our main page on Interest Only Mortgage Rates.
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