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Alabama Interest Only Mortgage Rates

Updated: October 16, 2019

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

4.000%

APR
30 Year Fixed
4.000% Rate $955/mo
  • Updated October 16, 2019
  • Historically Low Interest Rates - $100 Billion Funded
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  • No Lender Closing Cost Options Available

3.721%

APR
30 Year Fixed
3.500% Rate $898/mo
  • Updated October 16, 2019
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PRODUCTS RATES +/-
30 Year Fixed 3.67%
15 Year Fixed 3.38%
5/1 ARM 4.17%
Wednesday, October 16, 2019

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Mortgage rates for Alabama go up to 3.67%

Wednesday, October 16, 2019

Mortgage rates for Alabama on Lender411 for 30-year fixed-rate mortgages are at 3.67%. That increased from 3.50% to 3.67%. The 15-year fixed rates are now at 3.38%. The 5/1 ARM mortgage for Alabama is now at 4.17%.

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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